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NAVISTAR BOARD SUSPENDS DIVIDEND ON SERIES G PREFERRED STOCK

 CHICAGO, June 16 /PRNewswire/ -- The board of directors of Navistar International Corporation (NYSE:NAV) today voted to continue to suspend the quarterly dividend of $1.50 per share on Navistar's $6 cumulative convertible preferred stock, Series G. Today's action applies to the dividend scheduled to be paid on July 15 to shareowners of record as of July 5. As previously announced, the dividend will be suspended until the approval process involving Navistar's restructuring of its retiree health care and life insurance benefits is completed and the new health care program can be implemented.
 -0- 6/16/93
 /CONTACT: Deborah Spak of Navistar International Corporation, 312-836-3232/
 (NAV)


CO: Navistar International Corporation ST: Illinois IN: MAC SU: DIV

TM -- NY081 -- 2832 06/16/93 18:32 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:125
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