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NAB ASSET CORPORATION ANNOUNCES $.50 PER SHARE DISTRIBUTION

 HOUSTON, Dec. 1 /PRNewswire/ -- NAB Asset Corporation (NASDAQ: NABC) today announced that its Board of Directors declared a cash distribution of $.50 per share on the company's Common Stock, $.01 par value. The distribution will be paid to holders of the Common Stock of record as of the close of business on Dec. 15, 1993, and will be paid on Dec. 30, 1993.
 -0- 12/1/93
 /CONTACT: Richard A. Durham, senior vice president and CFO of NAB Asset Corporation, 713-952-6800/
 (NABC)


CO: NAB Asset Corporation ST: Texas IN: FIN SU: DIV

LD -- NY119 -- 9510 12/01/93 17:39 EST
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Publication:PR Newswire
Date:Dec 1, 1993
Words:101
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