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ALLEGHANY DECLARES DIVIDEND

 ALLEGHANY DECLARES DIVIDEND
 NEW YORK, March 17 /PRNewswire/ -- The board of directors of


Alleghany Corporation (NYSE: Y) today declared, as the company's dividend on its common stock for the year 1992, a stock dividend consisting of one share of Alleghany common stock in respect of every 50 shares outstanding. The dividend will be distributed on April 27 to holders of record on April 1. Cash will be paid in lieu of any fractional shares of Alleghany stock.
 Alleghany anticipates making arrangements by which stockholders who so desire may instruct the company's transfer agent to sell the shares of Alleghany common stock distributable to them, and receive the cash proceeds.
 -0- 3/17/92
 /CONTACT: T. E. Somerville of Alleghany, 212-752-1356/
 (Y) CO: Alleghany Corporation ST: New York IN: INS SU: DIV


GK-OS -- NY083 -- 8857 03/17/92 15:13 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 17, 1992
Words:140
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