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LEONA ENTERPRISES REVISES DIVIDEND POLICY

 LEONA ENTERPRISES REVISES DIVIDEND POLICY
 RIVER VALE, N.J., Feb. 19 /PRNewswire/ -- The board of directors of


Leona Enterprises, Inc. (OTC: LNAE) today announced that the revised divided policy of the company consists of the issuance of "loyalty shares."
 All holders of record of Leona's common stock on March 1, 1992, who continue to hold all of their shares of common stock through April 1, 1993, will be allowed to acquire one additional share of common stock in the company for each share of common stock in the company which they owned on the record date. The issuance of "loyalty shares" is in addition to the 15 cents per share dividend announced previously by the company.
 The board of directors of Leona also announced that the Feb. 15, 1992, payment date for its 15 cents per share dividend to record holders on Dec. 31, 1991, has been delayed until Feb. 25, 1992. This delay was precipitated by the company's inability to compile all records necessary to accurately determine the holders of record of the company's common stock on Dec. 31, 1991. The company anticipates that all necessary records will be in its possession within a matter of days.
 -0- 2/19/92
 /CONTACT: Milan National, 201-666-3330, for Leona Enterprises/
 (LNAE) CO: Leona Enterprises, Inc. ST: New Jersey IN: SU: DIV CK-SH -- NY067 -- 0592 02/19/92 16:05 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 19, 1992
Words:229
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