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ITT TO REDEEM TWO SERIES OF PREFERRED STOCK

 ITT TO REDEEM TWO SERIES OF PREFERRED STOCK
 TORONTO, May 5 /PRNewswire/ -- ITT Corporation (NYSE: ITT)


announced today the call for redemption of its outstanding $4.00 Convertible Series K and $5.00 Convertible Series O Cumulative Preferred Stock. The redemption date will be June 18, 1992.
 The shares will be redeemed at their redemption price of $100 per share plus dividends accrued to the redemption date. The right to convert the Series K and Series O shares will terminate on June 18, 1992. Pertinent information follows:
 Redemption Price Shares of ITT Common
 (including accrued Stock Issuable Upon
 Series dividends) Conversion
$4.00 Convertible K $100.1999 1.6380
$5.00 Convertible O $100.2499 1.4474
 -0- 05/05/92
 /CONTACT: Jim Gallagher of ITT, 416-947-4906/
 (ITT) CO: ITT Corporation ST: New York IN: TLS SU: DIV


JP -- NY048 -- 6472 05/05/92 10:56 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 5, 1992
Words:147
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