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AMERICAN FINANCIAL DECLARES PREFERRED STOCK DIVIDENDS

 CINCINNATI, Nov. 2 /PRNewswire/ -- American Financial Corporation ("AFC") announced that the company's board of directors has declared semi-annual dividends of $.50 per share on its Series E Preferred Stock, and $.90 per share on its Series F Preferred Stock. The dividends are payable on Dec. 3 to holders of record on Nov. 15.
 AFC said that there are 14.3 million of these preferred shares outstanding, and that the $12.6 million dividend will be paid to approximately 5,200 preferred shareholders.
 AFC is a Cincinnati-based holding company with financial subsidiaries engaged in property and casualty insurance, annuity programs and portfolio investing. AFC also owns a significant portion of the voting equity securities of several publicly owned companies.
 -0- 11/2/93
 /CONTACT: Sandra W. Heimann of American Financial Corporation, 513-579-2121/


CO: American Financial Corporation ST: Ohio IN: FIN SU: DIV

AR-BM -- CL007 -- 3012 11/02/93 11:15 EST
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Publication:PR Newswire
Date:Nov 2, 1993
Words:150
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