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GREEN TREE FINANCIAL CORPORATION ANNOUNCES TWO-FOR-ONE STOCK SPLIT

 ST. PAUL, Minn., Dec. 15 /PRNewswire/ -- The board of directors of Green Tree Financial Corporation (NYSE: GNT) has declared a two-for-one stock split, in the form of a stock dividend. The stock split will be distributed January 31, 1993, to shareholders of record as of Jan. 15.
 In commenting on the split, Lawrence M. Coss, chairman, president and chief executive officer, said, "We are pleased to provide our shareholders with this stock dividend. The recent increase in the price of the company's common stock is reflective of the growth and financial strength that Green Tree has achieved. The company feels that the additional outstanding shares will further broaden the market for its securities."
 Green Tree Financial Corporation makes loans to individuals in the 48 contiguous state for manufactured homes, home improvements and motorcycles. Green Tree currently services approximately 335,000 contracts totaling $5.5 billion in outstanding principal balances. Green Tree's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "GNT".
 -0- 12/15/92
 /CONTACT: John Mackay of Padilla Speer Beardsley, 612-871-8877 or (In New York) 212-752-8338, for Green Tree; or John W. Brink of Green Tree, 612-293-3400/
 (GNT)


CO: Green Tree Financial Corporation ST: Minnesota IN: FIN SU:

AL -- MN012 -- 7338 12/15/92 15:28 EST
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Publication:PR Newswire
Date:Dec 15, 1992
Words:215
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