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CANANDAIGUA WINE COMPANY REPORTS STOCK DIVIDEND

 CANANDAIGUA WINE COMPANY REPORTS STOCK DIVIDEND
 CANANDAIGUA, N.Y., June 2 /PRNewswire/ -- Canandaigua Wine Company,


Inc. (NASDAQ: WineA, WineB) announced today that its board of directors has approved and authorized a three-for-two stock split of both its Class A common stock and Class B common stock to be distributed in the form of a stock dividend on or about July 20, 1992 to shareholders of record on June 22, 1992. Pursuant to the terms of the stock dividend, each Class A stockholder will receive one additional share of Class A stock for each two shares of Class A stock held, and each Class B stockholder will receive one additional share of Class B stock for each two shares of Class B stock held.
 On Nov. 8, 1991, the company completed a previous three-for-two stock split of both its Class A common stock and Class B common stock, distributed in the form of a stock dividend to stockholders of record on Oct. 11, 1991.
 Canandaigua Wine Company, Inc. is the third largest wine producer in the United States. The company owns and operates 11 wineries in New York, California and South Carolina. Its principal brands are "Wild Irish Rose," "Cook's," "Cisco," "Manischewitz," "J. Roget," "Cribari," "Marcus James," "Widmer's," "Mateus," and "Dunnewood."
 -0- 6/2/92
 /CONTACT: Lynn K. Fetterman of Canandaigua Wine Company, 716-394-7900/
 (WINE) CO: Canandaigua Wine Company Inc. ST: New York IN: FOD SU: DIV


SM-TS -- NY027 -- 6198 06/02/92 11:46 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
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