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THE FOOTHILL GROUP INC. REINSTITUTES QUARTERLY DIVIDEND

 LOS ANGELES, Feb. 12 /PRNewswire/ -- The Foothill Group Inc. (NYSE: FGI) board of directors today reinstituted its regular quarterly cash dividend and declared a $.03 cash dividend on its class A common stock. The dividend is payable on April 20, 1993, to stockholders of record on March 20, 1993.
 Don L. Gevirtz, chairman and chief executive officer, said, "Based on the record earnings of $12,145,000, or 82 cents per fully diluted share, recently reported for the year ended Dec. 31, 1992, as well as the completion of the parent company's delveraging program, our board felt it was prudent to resume payment of a cash dividend."
 The Foothill Group Inc. is a financial services company engaged in the commercial finance and asset management businesses. Foothill Capital Corp., its largest subsidiary, provides asset-based financing secured by accounts receivable, inventory, equipment and other assets to businesses nationwide. Foothill Thrift and Loan specializes in providing commercial and industrial loans to small- and medium-sized businesses. 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- 2/12/93
 /CONTACT: Henry K. Jordan, VP and CFO of The Foothill Group, 310-996-7000/
 (FGI)


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

KJ-JB -- LA003 -- 6052 02/12/93 09:16 EST
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Publication:PR Newswire
Date:Feb 12, 1993
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