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JONES INTERCABLE INVESTORS L.P. ANNOUNCES A SPECIAL DISTRIBUTION TO UNITHOLDERS

 JONES INTERCABLE INVESTORS L.P.
 ANNOUNCES A SPECIAL DISTRIBUTION TO UNITHOLDERS
 ENGLEWOOD, Colo., Oct. 12 /PRNewswire/ -- Jones Intercable Investors L.P. (AMEX: JTV) recently announced that there is a definitive sales agreement with Jones Intercable Inc. (NASDAQ: JOIN and JOINA) to acquire the Partnership's Alexandria, Va. cable television system for $73.2 million. Jones Intercable Investors L.P. is a publicly traded master limited partnership for which Jones Intercable Inc. is the general partner. Subject to the completion of the sale, Jones Intercable Investors will distribute a portion of the net sales proceeds to Unitholders of record as of the close of business on Nov. 2, 1992. This special, one-time distribution is expected to be $3 per Unit and should be received by registered Unitholders by Nov. 15, 1992.
 The taxable gain associated with this sale will be allocated to Unitholders of record as of the close of business on Nov. 2, 1992. The General Partner anticipates the cash distribution will be sufficient to cover any tax liability resulting from the sale.
 Jones Intercable Investors, L.P. owns and operates cable television systems serving Independence, Mo. and Alexandria. After the closing of the transaction, the Partnership will continue to operate the Independence system.
 -0- 10/12/92
 /CONTACT: Kevin P. Coyle or Nancy Reed Long of Jones Intercable, 303-792-3111/
 (JOIN JTV) CO: Jones Intercable Investors L.P.; Jones Intercable Inc. ST: Colorado IN: TLS SU:


BB -- DV002 -- 8749 10/12/92 09:12 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
Words:244
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