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ROLLINS TRUCK LEASING REDEEMS SERIES C PREFERRED CONVERTIBLE STOCK

 ROLLINS TRUCK LEASING REDEEMS SERIES C PREFERRED CONVERTIBLE STOCK
 WILMINGTON, Del., March 2 /PRNewswire/ -- Rollins Truck Leasing Corp. (NYSE, PSE: RLC) today announced that on April 30, 1992, it will redeem all of its Series C Preferred Stock that is outstanding on April 15, 1992, for the authorized redemption price of $30 per share.
 The normal semiannual dividend on the Preferred Stock of $.50 per share will also be paid on April 30, 1992. As of March 2, 1992, a total of 22,709 Preferred shares are outstanding. The paying agent is Registrar and Transfer Company, 10 Commerce Drive, Cranford, N.J., 07016.
 Each Series C Preferred share is convertible into 2.3625 shares of Rollins Truck Leasing Corp. common stock. Preferred shareholders may convert their shares into common stock at any time prior to April 15, 1992. Registrar and Transfer Company also is the conversion agent.
 Rollins Truck Leasing Corp. is one of the largest full-service truck leasing and rental companies in the United States. The company services more than 21,000 vehicles from almost 200 locations throughout the country.
 -0- 3/2/92
 /CONTACT: Patrick J. Bagley, vp and treasurer of Rollins Truck Leasing, 302-426-3409/
 (RLC) CO: Rollins Truck Leasing Corp. ST: Delaware IN: TRN SU: DIV


MK-LJ -- PH032 -- 4079 03/02/92 14:58 EST
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Publication:PR Newswire
Date:Mar 2, 1992
Words:218
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