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Interpool declares cash dividend on its 5 3/4% cumulative convertible preferred stock.

PRINCETON, N.J.--(BUSINESS WIRE)--Nov. 22, 1996--Interpool, Inc. (NYSE:IPX), one of the world's leading lessors of intermodal dry cargo containers and the second largest lessor of intermodal container chassis in the United States, reported today that its Board of Directors has declared a cumulative cash dividend on its 5 3/4% Cumulative Convertible Preferred Stock payable on Dec. 15, 1996 to holders of record on Dec. 2, 1996.

The dividend in the amount of $1.4375 per share computed by dividing the annual 5 3/4% dividend rate by four, will be paid for the period commencing Sept. 16, 1996 through Dec. 15, 1996.

CONTACT: Interpool, Inc.

Raoul J. Witteveen, 212/916-3261
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Publication:Business Wire
Date:Nov 22, 1996
Words:114
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