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PACIFICARE HEALTH SYSTEMS ANNOUNCES ACCELERATED PAYMENT DATE FOR STOCK DIVIDEND

 PACIFICARE HEALTH SYSTEMS ANNOUNCES ACCELERATED PAYMENT DATE
 FOR STOCK DIVIDEND
 CYPRESS, Calif., June 9 /PRNewswire/ -- PacifiCare Health Systems Inc. (NASDAQ: PHSYA) announced that it has changed the payment date for its recently declared stock dividend to June 10, 1992 from June 19, 1992. Company officials stated that the reason for the acceleration of the payment date was to allow its shareholders to receive their new Class B stock certificates as soon as practicable.
 The stock dividend gives shareholders as of the June 5, 1992 record date, one share of non-voting Class B Common Stock for each share of Class A Common Stock held. The trading symbol for the Class A Common Stock is now PHSYA. After the payment date, the Class B Common Stock will trade under the symbol PHSYB. Both classes of stock will be quoted on a dividend-adjusted basis on the NASDAQ National Market System after the close of business on June 10, 1992.
 PacifiCare Health Systems owns and operates HMOs in California, Oklahoma, Oregon, Texas and Washington. The company also operates Secure Horizons, one of the nation's largest and fastest growing Medicare risk programs. Other operations include Columbia General, an insurance subsidiary licensed in 34 states; Pacific Review Services, an independent medical utilization review and case management company; and LifeLink, a behavioral health managed care company.
 -0- 6/9/92
 /CONTACT: Wayne Lowell, CFO, 714-952-1121, or David K. Erickson, manager, investor relations, 714-229-2636, both of David Erickson/
 (PHSYA) CO: David Erickson ST: California IN: HEA SU: DIV


AL -- LA010 -- 8343 06/09/92 11:55 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
Words:259
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