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UNITED MOBILE HOMES, INC. LISTED ON THE AMERICAN STOCK EXCHANGE

 EATONTOWN, N.J., Jan. 5 /PRNewswire/ -- Eugene W. Landy, president of United Mobile Homes, Inc., today announced that United Mobile Homes, Inc. is now listed on the American Stock Exchange.
 United Mobile Homes, Inc. operates as a Real Estate Investment Trust specializing in the investment in manufactured home communities. United owns 20 manufactured home communities in five states.
 Mr. Landy stated, "We decided to move our shares from NASDAQ's Small Cap System to the AMEX since the other four publicly owned REITs investing in manufactured home communities are all listed companies. United's financial results compare favorably with the other four manufactured home community REITs. United is hopeful that its AMEX listing will attract institutional investors and assist United in becoming better known in the financial community."
 United, which was formed in 1968, went public in 1985. From an initial $1 per share offering price, United's stock has risen to $8. United's initial original dividend rate of $.20 a year has increased to its current dividend rate of $.40 a year.
 United Mobile Homes, Inc. is headquartered in Eatontown.
 -0- 1/5/93
 /CONTACT: Louise Green of United Mobile Homes, 908-389-3890/


CO: United Mobile Homes, Inc. ST: New Jersey IN: SU:

TW -- NY032 -- 9316 01/05/94 11:45 EST
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Publication:PR Newswire
Date:Jan 5, 1994
Words:209
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