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FLS HOLDINGS DECLARES THIRTEENTH PAY-IN-KIND DIVIDEND ON ITS SERIES A PREFERRED STOCKS

 FLS HOLDINGS DECLARES THIRTEENTH PAY-IN-KIND DIVIDEND
 ON ITS SERIES A PREFERRED STOCKS
 TAMPA, Fla., Jan. 21 /PRNewswire/ -- The board of directors of FLS Holdings Inc. (NASDAQ-NMS: FLSHP) has declared a pay-in-kind quarterly dividend on its Series A Cumulative Exchangeable Preferred Stock at an annual rate of 17.5 percent per share, payable on Feb. 15, 1992, to holders of record as of the close of business on Feb. 3, 1992. Pursuant to the terms of the preferred stock set forth in FLS Holdings Inc.'s Certification of Incorporation, FLS Holdings Inc. has elected to pay this dividend by the issuance of .04375 shares of Series A Cumulative Exchangeable Preferred Stock for each share held based on the dividend amount of $2.3332 per share. FLS Holdings Inc. currently expects similarly to declare and pay all future quarterly dividends by issuance of such pay-in-kind preferred stock so long as it is permitted to do so.
 -0- 1/21/92
 /CONTACT: Marvin F. Hill, vice president and chief financial officer of FLS Holdings, 813-251-8811/
 (FLSHP) CO: FLS Holdings Inc. ST: Florida IN: SU: DIV


AW-SS -- FL016 -- 2052 01/21/92 16:38 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:191
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