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SPI HOLDINGS DECLARES IN-KIND PREFERRED STOCK DIVIDEND

       SPI HOLDINGS DECLARES IN-KIND PREFERRED STOCK DIVIDEND
    RICHARDSON, Texas, Dec. 11 /PRNewswire/ -- SPI Holdings, Inc. (AMEX: SPH) today announced the declaration of an in-kind dividend on the outstanding shares of its 16 percent cumulative preferred stock payable through the issuance of 1/25th of a share of its 16 percent cumulative preferred stock for each outstanding share.  The in-kind dividend is to be paid on Dec. 31, 1991 to holders of record on Dec. 21, 1991.  Cash will be paid in lieu of issuing fractional shares of the 16 percent cumulative preferred stock.
    SPI Holdings, Inc., through its wholly owned subsidiary, Spectradyne Inc., is the largest provider of in-room entertainment services to the lodging industry in the United States and Canada.
    -0-          12/11/91
    /CONTACT:  Dan Hair, chief financial officer of SPI Holdings, 214-234-2721/
    (SPH) CO:  SPI Holdings, Inc. ST:  Texas IN:  LEI SU:  DIV SM -- NY076 -- 1631 12/11/91 16:44 EST
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Publication:PR Newswire
Date:Dec 11, 1991
Words:155
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