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UNITED DOMINION DEFINES SHARE DIVIDEND

 UNITED DOMINION DEFINES SHARE DIVIDEND
 CHARLOTTE, N.C., Dec. 13 /PR Newswire/ -- United Dominion


Industries Limited (TSE, MSE & NYSE: UDI) today said that its U.S. 31 cent per share common stock dividend, announced previously, is equivalent to one share for each 34.04 shares currently held. This stock dividend will be paid December 31 to holders of record December 6, and result in a total of 835,791 new shares being issued.
 As a result of these newly issued common shares, the conversion price of the company's 9 1/2 percent cumulative redeemable convertible preferred shares, Series 2, will decline to Cdn. $70.87 from Cdn. $72.95.
 After payment of this stock dividend, the company will have approximately 29.3 million common shares outstanding.
 -0- 12/13/91
 /CONTACT: Robert L. Shaffer of United Dominion, 704-347-6875/
 (UDI) CO: United Dominion Industries Limited ST: North Carolina IN: CST SU: DIV


CM -- CH002 -- 2262 12/13/91 09:07 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 13, 1991
Words:160
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