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WATSCO'S DEBENTURE CONVERSION PRICES REVISED

 WATSCO'S DEBENTURE CONVERSION PRICES REVISED
 MIAMI, April 13 /PRNewswire/ -- Watsco, Inc. (AMEX: WSOA, WSOB),


today announced that as a result of the 5 percent stock dividend payable to shareholders of record April 15, 1992, and various other transactions involving the company's stock, the conversion prices of the company's 10 percent convertible subordinated debentures (AMEX: WSOC) will be revised downward effective for conversions on or after April 15, 1992.
 The new conversion price for the 10 percent convertible subordinated debentures that are convertible into Class A common stock is $8.78; it had been $9.26. The new conversion price for the 10 percent convertible subordinated debentures that are convertible into Class B common stock is $10.16; it had been $10.72.
 Of the $5,289,000 10 percent convertible subordinated debentures currently outstanding, $2,958,000 are convertible into Class A common stock and $2,331,000 are convertible into Class B common stock.
 Watsco is the largest distributor of residential central air conditioners in the United States, and a leading manufacturer of parts and components for cooling, refrigerating, and heating systems that are sold worldwide. The company is introducing a series of new climate control related technologies that contribute to greater energy conservation and environmental protection.
 -0- 4/13/92
 /CONTACT: Ronald P. Newman of Watsco, 305-858-1204; or William J. Jenks, 212-229-2222, for Watsco/
 (WSO) CO: Watsco, Inc. ST: Florida IN: HOU SU:


GK -- NY027 -- 7625 04/13/92 09:49 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 13, 1992
Words:244
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