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THE FOOTHILL GROUP INC. DECLARES QUARTERLY DIVIDEND OF 3 CENTS PER SHARE

 LOS ANGELES, July 29 /PRNewswire/ -- The Foothill Group Inc. (NYSE: FGI) board of directors today declared a regular $.03 quarterly cash dividend on its Class A common stock. The dividend is payable on Oct. 20, 1993, to shareholders of record on Sept. 20, 1993.
 The Foothill Group Inc. is a financial services company engaged in the commercial finance and asset management businesses. At June 30, 1993, Foothill had total assets owned or under management of more than $1.3 billion. Foothill Capital Corp., the company's largest subsidiary, provides asset-based financing secured by accounts receivable, inventory, equipment and other assets to businesses throughout the United States. Foothill Thrift and Loan, which is anticipated to be spun-out to Foothill Group shareholders in the fourth quarter of 1993, specializes in providing commercial real estate financing for California-based small businesses and entrepreneurs. The Capital Markets Division (parent company) manages institutional limited partnerships which invest in the debt of companies which are in reorganization or in the process of restructuring.
 -0- 7/29/93
 /CONTACT: Henry K. Jordan, VP & CFO of The Foothill Group, 310-996-7000/
 (FGI)


CO: The Foothill Group Inc. ST: California IN: FIN SU: DIV

JL-LS -- LA045 -- 7508 07/29/93 18:19 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
Words:201
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