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WCI HOLDINGS CORP. ANNOUNCES QUARTERLY DIVIDEND

 WCI HOLDINGS CORP. ANNOUNCES QUARTERLY DIVIDEND
 SANTA MONICA, Calif., Dec. 17 /PRNewswire/ -- WCI Holdings Corp.


announced today that the quarterly dividend on its 15 1/2 percent cumulative exchangeable redeemable preferred stock will be payable on Feb. 1, 1992, to stockholders of record at the close of business on Jan. 3, 1992.
 The dividend to be paid will be in the amount of approximately $.969 per share of preferred stock and will be paid in additional shares of preferred stock at the rate of .03875 shares for each share of preferred stock. No cash dividends will be made. In lieu of fractional shares, payment will be made in cash equal to the proportionate interest in the net proceeds from the open market sale or sales of the aggregate of all fractional shares otherwise payable as a dividend.
 The dividend payment will cover the period from and including Nov. 1, 1991, through and including Jan. 31, 1992.
 WCI Holdings preferred stock was issued as part of the acquisition of all outstanding common shares of Wickes Companies Inc. by WCI Holdings Corp.
 -0- 12/17/91
 /CONTACT: Michael A. Jamieson of Wickes Companies Inc., 310-452-0161/ CO: Wickes Companies Inc. ST: California IN: SU: DIV


DM-CH -- LA019 -- 3188 12/17/91 18:02 EST
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Publication:PR Newswire
Date:Dec 17, 1991
Words:211
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