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ALUMAX PAYS DIVIDEND ON PREFERRED

 NEW YORK, Dec. 1 /PRNewswire/ -- Alumax Inc. announced that it is today paying its initial regular $1 quarterly dividend on its Alumax $4 Series A Convertible Preferred Stock to shareholders of record as of this date. Alumax was spun off from AMAX Inc. on Nov. 15 and issued this series to replace one third of the former AMAX $4 Series A Convertible Preferred Stock outstanding.
 Alumax is the nations third largest aluminum company and one of the world's lowest cost producers of primary aluminum billet. It has leading market positions in providing aluminum products to the transportation, building and construction, packaging and durable consumer products industries.
 -0- 12/1/93
 /CONTACT: Jerry Cooper of Alumax, 212-856-5982/


CO: Alumax Inc. ST: New York IN: MNG SU: DIV

TW -- NY055 -- 9222 12/01/93 11:32 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 1, 1993
Words:135
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