NEWARK, Del., Nov 21, 2011 (BUSINESS WIRE) —
Sallie Mae
/quotes/zigman/300331/quotes/nls/slm SLM
-4.67%
, the nation’s No. 1 financial services company
specializing in education, announced today it has chosen to transfer its
stock exchange listing from The New York Stock Exchange to the NASDAQ
Global Select Market effective Dec. 12, 2011. Sallie Mae, whose formal
name is SLM Corporation, will continue to trade under the symbol SLM.
“We are pleased to partner with NASDAQ, a company that shares our
passion for innovation and making dreams a reality,” said Albert L.
Lord, vice chairman CEO, Sallie Mae.
“Since its foundation, NASDAQ has celebrated innovation in all forms,
and has been home to some of the world’s most influential entrepreneurs
and innovators,” said Bob Greifeld, CEO, NASDAQ OMX. “Sallie Mae truly
embodies the agile and innovative spirit that is characteristic of
NASDAQ-listed companies, as they offer students and their families a
breadth of options to save and pay for the investment in college
education. We are thrilled to welcome Sallie Mae to our exchange and
look forward to a long partnership with them into the future.”
Sallie Mae’s Series A Preferred Stock will now trade under the ticker
SLMAP, and Series B Preferred Stock will trade under the ticker SLMBP.
The company’s three listed debt securities will continue to trade under
the symbols JSM, OSM and ISM.
Sallie Mae
/quotes/zigman/300331/quotes/nls/slm SLM
-4.67%
is the nation’s No. 1 financial services
company specializing in education. Serving 25 million customers, Sallie
Mae offers innovative savings tools, tuition payment plans and education
loans that promote responsible financial habits and reward success.
Through its subsidiaries, the company manages or services $238 billion
in education loans and administers $35 billion in 529 college savings
plans. Members of its Upromise college savings rewards program have
earned $625 million to help pay for college. Sallie Mae is also one of
the leading financial service providers for universities and governments
at all levels, including supporting $8 billion in ecommerce transactions
annually at nearly 1,000 campuses. More information is available at
www.SallieMae.com .
SLM Corporation and its subsidiaries, commonly known as Sallie Mae, are
not sponsored by or agencies of the United States of America.
The NASDAQ OMX Group, Inc. is the world’s largest exchange
company. It delivers trading, exchange technology and public company
services across six continents, with more than 3,500 listed companies.
NASDAQ OMX offers multiple capital raising solutions to companies around
the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ
OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The
company offers trading across multiple asset classes including equities,
derivatives, debt, commodities, structured products and exchange-traded
funds. NASDAQ OMX technology supports the operations of over 70
exchanges, clearing organizations and central securities depositories in
more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not
legal entities but describe the common offering from NASDAQ OMX
exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga,
and Vilnius. For more information about NASDAQ OMX, visit
http://www.nasdaqomx.com .
SOURCE: Sallie Mae
Sallie Mae
Media
Patricia Nash Christel, (302) 283-4076
patricia.christel@SallieMae.com
or
Martha Holler, (302) 283-4036
martha.holler@SallieMae.com
or
Alexandra Honeysett, (646) 441-5211
alexandra.honeysett@nasdaqomx.com
or
Investors
Steve McGarry, (302) 283-4074
steven.mcgarry@SallieMae.com
or
Joe Fisher, (302) 283-4075
joe.fisher@SallieMae.com
Copyright Business Wire 2011
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