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BAKER FENTRESS ANNOUNCES FIRST-QUARTER RESULTS AND MID-YEAR DIVIDEND

BAKER FENTRESS ANNOUNCES FIRST-QUARTER RESULTS AND MID-YEAR DIVIDEND
 CHICAGO, April 23 /PRNewswire/ -- Baker, Fentress & Company (NYSE: BKF), a closed-end investment company, today reported results for the quarter ended March 31, 1992.
 Net asset value per share on March 31, 1992, was $21.98, an increase of 2.3 percent from $21.49 reported as of the end of the prior quarter on Dec. 31, 1991.
 Results for the first quarters of 1992 and 1991 are:
 BAKER, FENTRESS & CO.
 First quarter ended March 31 1992 1991
 Total net assets $424,898,579 $382,487,415
 Shares outstanding 19,331,229 18,763,958
 Net asset value per share $21.98(A) $20.38
 (A) -- After $1.15 long-term capital gain distribution paid in December 1991.
 Directors of Baker, Fentress & Co. today declared a mid-year dividend of $0.20 per share on its common stock, payable June 3, 1992, to shareholders of record May 15, 1992.
 As previously announced, the company has changed the schedule of ordinary income dividend payments to twice per year, in June and December; in prior years such payments were made quarterly. Realized long-term capital gain will continue to be distributed in December. The company continues its policy of annually paying shareholders dividends and capital gain distributions which, when added together, equal at least 8 percent of the company's average net asset value for the 12-month period ended Oct. 31 of that year.
 -0- 4/23/92
 /CONTACT: Phillip A. Urion, 312-346-0123, or James P. Koeneman, 312-236-9190, both for Baker, Fentress & Company/
 (BKF) CO: Baker, Fentress & Company ST: Illinois IN: FIN SU: ERN DIV


CK -- NY091 -- 1912 04/23/92 12:54 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
Words:275
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