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FACTORY STORES OF AMERICA DECLARES DIVIDEND

 Editors are instructed to disregard earlier version of CH006, Factory Stores of America Dividend. The following revised version contains additional information.
 SMITHFIELD, N.C., July 2 /PRNewswire/ -- The board of directors of Factory Stores of America, Inc. (NYSE: FAC), today declared a cash dividend of 10.4 cents per share for the period June 10 to June 30, 1993, on its common stock outstanding. The dividend will be payable on Aug. 1, 1993, to stockholders of record on July 15, 1993.
 The company also completed the sale of 795,000 shares of its common stock on July 1, 1993, pursuant to the over-allotment option granted to the underwriters of its initial public offering, which was completed on June 10, 1993.
 Factory Stores of America is the nation's largest owner and operator of factory outlet centers, with 25 properties located in 15 states throughout the Southeast, Midwest and Southwest.
 -0- 7/2/93 C CH006
 /CONTACT: David A. Hodson of Factory Stores of America, 919-934-9446/
 (FAC)


CO: Factory Stores of America, Inc. ST: North Carolina IN: REA SU: DIV

CM -- CH006A -- 8211 07/02/93 14:39 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
Words:187
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