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FLETCHER CHALLENGE FINANCE CANADA DECLARES DIVIDEND

 FLETCHER CHALLENGE FINANCE CANADA DECLARES DIVIDEND
 VANCOUVER, British Columbia, Dec. 9 /PRNewswire/ -- On Dec. 9,


1991 the board of directors of Fletcher Challenge Finance Canada Inc. (Toronto: FRC.PR.A, FRC.PR.B) declared:
 1. that a cash dividend of $.50 per share upon the outstanding
 8 percent cumulative redeemable retractable preferred shares,
 Series "A" (the "Series 'A' Shares"), of Fletcher
 Challenge Finance Canada Inc. be paid on the 31st day of
 December, 1991 to the shareholders of record holding the
 Series "A" Shares of Fletcher Challenge Finance Canada Inc.
 at the close of business on Dec. 19, 1991; and
 2. that a cash dividend of $.4921875 per share upon the
 outstanding 7 7/8 percent cumulative redeemable retractable
 preferred shares, Series "B" (the "Series 'B' Shares"),
 of Fletcher Challenge Finance Canada Inc. be paid on Dec. 31,
 1991 to the shareholders of record holding the series "B"
 Shares of Fletcher Challenge Finance Canada Inc. at the close
 of business on Dec. 19, 1991.
 -0- 12/9/91
 /CONTACT: T.J. Palmblad of Fletcher Challenge Finance Canada Inc., 604-654-4372/
 (FRC.PR.A FRC.PR.B) CO: Fletcher Challenge Finance Canada Inc. ST: British Columbia IN: FIN SU: DIV


DM -- LA029 -- 0741 12/09/91 17:36 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Dec 9, 1991
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