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CAPITAL HOLDING BOARD OF DIRECTORS DECLARES DIVIDEND ON CONVERTIBLE PREFERRED STOCK

              CAPITAL HOLDING BOARD OF DIRECTORS DECLARES
                DIVIDEND ON CONVERTIBLE PREFERRED STOCK
    LOUISVILLE, Ky., Nov. 18 /PRNewswire/ -- At its November 6 meeting, the board of directors of Capital Holding Corporation (NYSE: CPH) declared a quarterly dividend of $1.00 per share of  non-cumulative convertible preferred stock.  The dividend will be payable December 13 to holders of record on Nov. 29, 1991.
    The preferred stock is newly issued as part of Capital Holding's recent acquisition of Durham Corporation.  The dividend declaration was contingent upon the successful acquisition of Durham by Capital Holding. That acquisition was concluded on Nov. 14, 1991.
    Capital Holding Corporation is one of the nation's five largest shareholder-owned life insurance organizations, with $18.2 billion in assets and $44.3 billion of life insurance coverage in force.
    The corporation offers a broad range of financial services and products through agents, direct-marketing media, investment professionals and retail locations.  Its common  stock is listed on the New York and Pacific Stock Exchanges under the ticker symbol CPH; its preferred stock is listed on the New York Stock Exchange under the symbol CPHF.
    -0-                      11/18/91
    /CONTACT: Steve Wilson, Capital Holding Corporation, 502-560-2723/
    (CPH) CO:  Capital Holding Corporation ST:  Kentucky IN:  INS SU:  DIV DF -- CH009 -- 4631 11/18/91 16:50 EST
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Publication:PR Newswire
Date:Nov 18, 1991
Words:212
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