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COLLINS & AIKMAN HOLDINGS CORPORATION ANNOUNCES DIVIDEND

 CHARLOTTE, N.C., March 24 /PRNewswire/ -- Collins & Aikman Holdings Corporation (formerly "WCI Holdings Corporation") announced today that the quarterly dividend on its 15 1/2 percent Cumulative Exchangeable Redeemable Preferred Stock will be payable on May 3, 1993 to stockholders of record as of the close of business on April 2, 1993.
 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. 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 Feb. 1, 1993, through and including April 30, 1993.
 Collins & Aikman Holdings Preferred Stock was issued as part of the acquisition of all outstanding common shares of Collins & Aikman Group, Inc. (formerly "Wickes Companies, Inc.") by Collins & Aikman Holdings Corporation.
 -0- 3/24/93
 /CONTACT: Paul W. Meeks, Collins & Aikman Holdings Corporation, 704-548-2350/


CO: Collins & Aikman Holdings Corporation; Collins & Aikman Group, Inc. ST: North Carolina IN: TEX SU: DIV

SB -- CH007 -- 9295 03/24/93 18:08 EST
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Publication:PR Newswire
Date:Mar 24, 1993
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