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UNR INDUSTRIES, INC. ANNOUNCES $1.20 EXTRAORDINARY DIVIDEND

 CHICAGO, Nov. 4 /PRNewswire/ -- UNR Industries, Inc. (NASDAQ-NMS: UNRI; CSE) announced today that its board of directors declared an extraordinary dividend of $1.20 on each issued and outstanding share of the company's common stock. The dividend will be paid in cash on Dec. 1, 1993 to stockholders of record as of the close of business on Nov. 16, 1993. The company had previously paid extraordinary cash dividends of $1 on Jan. 15, 1992 and $2 on Feb. 1, 1993.
 Commenting on the dividend, President and CEO Thomas A. Gildehaus stated, "The declaration of this dividend distributes the company's accumulated cash while maintaining a sound financial position and solid base for continued profitable growth. We anticipate that followinthe dividend payment the company will have approximately $5 million of cash on hand, total debt outstanding of approximately $35 million and stockholders' equity of approximately $205 million. This dividend will be treated as a non-taxable return of capital distribution as were the $2 per share extraordinary dividend and $.20 per share regular dividend paid on Feb. 1, 1993."
 UNR Industries, Inc. is a diversified company producing welded steel tubing, shopping carts, stainless steel sinks, towers and shelters for communication and other uses, and material handling products and systems.
 -0- 11/4/93
 /CONTACT: Henry Grey, V.P. - Finance & Treasurer of UNR Industries, 312-341-1234/
 (UNRI)


CO: UNR Industries, Inc. ST: Illinois IN: SU: DIV

SB -- DE019 -- 0815 11/04/93 14:32 EST
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Publication:PR Newswire
Date:Nov 4, 1993
Words:240
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