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The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.

NEW YORK--(BUSINESS WIRE)--Sept. 2, 1997--Bear Stearns Finance LLC, a Cayman Islands finance subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC), today announced the declaration of a regular monthly cash dividend on its outstanding shares of 8% Exchangeable Preferred Income Cumulative Shares ("EPICS").

Bear Stearns Finance LLC declared a cash dividend of 16 2/3 cents per share on the outstanding shares of its 8% EPICS payable September 30, 1997 to shareholders of record on September 23, 1997.

Bear Stearns Finance LLC is an exempted company with limited duration incorporated under the laws of the Cayman Islands, all of the common shares of which are owned directly and indirectly by The Bear Stearns Companies Inc. Bear Stearns Finance LLC exists solely to issue preferred and common shares and lend the proceeds therefrom to The Bear Stearns Companies Inc.

The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $11.7 billion in total capital, Bear Stearns serves governments, corporations, institutions, and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, foreign exchange and futures sales and trading, asset management, and custody services. Through Bear, Stearns Securities Corp., it offers professional and correspondent clearing, including securities lending. Headquartered in New York City, the company has over 8,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, and San Francisco; and international presence in Beijing, Buenos Aires, Dublin, Geneva, Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore, and Tokyo.

CONTACT: The Bear Stearns Companies Inc., New York

Maura Gaenzle, 212/272-4445

Ellen Glickman, 212/272-8188
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Publication:Business Wire
Date:Sep 3, 1997
Words:291
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