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USLIFE INCREASES QUARTERLY DIVIDEND; ANNOUNCES REDEMPTION OF ALL OUTSTANDING $3.33 SERIES C CUMULATIVE PREFERRED STOCK

 USLIFE INCREASES QUARTERLY DIVIDEND; ANNOUNCES REDEMPTION
 OF ALL OUTSTANDING $3.33 SERIES C CUMULATIVE PREFERRED STOCK
 NEW YORK, July 31 /PRNewswire/ -- USLIFE Corporation (NYSE: USH) today declared a quarterly dividend of 43 cents per share on its common stock, representing a one cent increase. This increase represents the 32nd time in USLIFE's 26-year history that the dividend has been increased. The dividend is payable on Sept. 1, 1992 to shareholders of record on Aug. 17, 1992. The announcement was made by Gordon E. Crosby Jr., chairman of the board, president and chief executive officer of USLIFE Corporation.
 Regular quarterly dividends were also declared on the corporation's preferred stocks: Series A, $1.125; Series B, $1.25; and Series C, $.8325. These per share dividends also have a pay date of Sept. 1, 1992 and a record date of Aug. 17, 1992.
 USLIFE Corporation also announced today that it will redeem all of the outstanding shares of its $3.33 Series C cumulative preferred stock on Sept. 1, 1992 pursuant to the terms of the issue. The redemption price is $36 per share. Accrued dividends of $.8325 per share to the redemption date will also be paid to all holders of such shares.
 Chemical Bank, New York, will serve as the redemption agent.
 The transfer books will close on Aug. 31, 1992 and will not thereafter be reopened. Redemption notices will be mailed to all holders of record of the $3.33 Series C cumulative stock on or about July 31, 1992.
 -0- 7/31/92
 /NOTE TO THE EDITORS: USLIFE Corporation is a life insurance-based holding company whose principal subsidiaries engage in the life insurance business. With nationwide operations,, the USLIFE Life Insurance Division has three ordinary insurance companies and a credit insurance group with approximately $109 billion of life insurance in force as of June 30, 1992. Additionally, there are five other subsidiaries that furnish the life insurance companies with investment advisory, broker-dealer, real estate, data processing and administrative services.
 /CONTACT: Richard P. Keating, vice president-corporate communications of USLIFE, 212-709-6227/
 (USH) CO: USLIFE Corporation ST: New York IN: INS SU: DIV


SH-TS -- NY026 -- 5574 07/31/92 11:44 EDT
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Publication:PR Newswire
Date:Jul 31, 1992
Words:361
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