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PLM INTERNATIONAL ELIMINATES COMMON STOCK DIVIDEND

 PLM INTERNATIONAL ELIMINATES COMMON STOCK DIVIDEND
 SAN FRANCISCO, Jan. 20 /PRNewswire/ -- The board of directors of San


Francisco-based PLM International Inc. (AMEX: PLM) today announced that it has eliminated the company's common stock dividend.
 Robert N. Tidball, president and chief executive officer of PLM International, said, "The board of directors believes the elimination of the common stock dividend will enable the company to capitalize on reinvestment opportunities for growth, benefit company operations and increase the long-term investment potential of the company's common stock. The company's capital resources at year end included approximately $12.0 million of unrestricted cash and access to a $33.0 million line of credit for equipment acquisitions."
 PLM International is a transportation equipment leasing company specializing in the management of equipment on operating leases. The company is also the leading sponsor of syndicated investment programs organized to invest primarily in transportation equipment.
 -0- 1/20/92
 /CONTACT: Valerie Carattini-Cooke of PLM International, 415-905-7227/
 (PLM) CO: PLM International Inc. ST: California IN: TRN SU: DIV


EH-JL -- LA021 -- 1595 01/20/92 22:17 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 20, 1992
Words:177
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