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HICKORY FURNITURE COMPANY ANNOUNCES PAYMENT OF INTEREST AND A DELAY IN RETIREMENT OF 12 PERCENT SUBORDINATED DEBENTURES

 HICKORY FURNITURE COMPANY ANNOUNCES PAYMENT OF INTEREST AND
 A DELAY IN RETIREMENT OF 12 PERCENT SUBORDINATED DEBENTURES
 CHICAGO, Jan. 15 /PRNewswire/ -- Hickory Furniture Company, a financial holding company in Chicago, Ill., today announced the payment of interest on, and a delay in the retirement of, its 12 percent Subordinated Debentures which matured today. Hickory intends to retire the debentures prior to March 31, 1992.
 Hickory beneficially controls approximately 77 percent of the voting power of Acton Corporation (AMEX: ATN) which recently announced the retirement on Jan. 31, 1992 of certain of its debentures the retirement of which had previously been delayed and which had matured in September, 1991.
 Hickory, formerly a direct manufacturer of furniture, sold its manufacturing operations to an Acton subsidiary, Hickory White Company, in June of 1990. A company spokesman noted that neither Acton nor Hickory White was affected by this delay.
 -0- 1/15/92
 /CONTACT: Forest Richardson, Vice President, Hickory Furniture Company, 312-751-2990/
 (ATN) CO: Hickory Furniture Company; Acton Corporation ST: Illinois IN: SU:


DF -- CH008 -- 0265 01/15/92 18:03 EST
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Publication:PR Newswire
Date:Jan 15, 1992
Words:178
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