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WCI HOLDINGS CORP. ANNOUNCES QUARTERLY DIVIDEND

 WCI HOLDINGS CORP. ANNOUNCES QUARTERLY DIVIDEND
 SANTA MONICA, Calif., June 25 /PRNewswire/ -- WCI Holdings Corp.


announced today that the quarterly dividend on its 15 1/2 percent Cumulative Exchangeable Redeemable Preferred Stock will be payable on Aug. 1, 1992 to stockholders of record on July 3, 1992.
 The dividend to be paid will be in the amount of approximately $.969 per share of preferred stock and will be paid in additional shares of preferred stock at the rate of .03875 shares for each share of preferred stock. No cash dividends will be made. In lieu of fractional shares, payment will be made in cash equal to the proportionate interest in the net proceeds from the open market sale or sales of the aggregate of all fractional shares otherwise payable as a dividend.
 The dividend payment will cover the period from and including May 1, 1992, through and including July 31, 1992.
 WCI Holdings preferred stock was issued as part of the acquisition of all outstanding common shares of Wickes Companies Inc. by WCI Holdings Corp.
 -0- 6/25/92
 /CONTACT: Michael A. Jamieson of Wickes Companies, 310-452-0161/ CO: WCI Holdings Corp. ST: California IN: REA SU: DIV AL -- LA010 -- 3991 06/25/92 17:28 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 25, 1992
Words:206
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