

wsj_1042

10/26/89


WSJ891026-0014 = 891026 891026-0014.
Dividend News: @ Avon Rent-a-Car amp Truck Corp. 10/26/89 WALL STREET JOURNAL (J) AVON DIVIDENDS (DIV)



AVON RENT-A-CAR amp TRUCK Corp. said it declared a dividend of one warrant for each three shares of common stock. Currently, Avon, based in Santa Monica, Calif., has 3.3 million common shares outstanding. About 1.1 million Class C warrants were issued, the company said. Each of the Class C warrants will enable the holders to purchase one share of common stock at $5.50. The warrants may be exercised until 90 days after their issue date. Avon also said it will issue an additional 243,677 of the Class C warrants to holders of its Class A, Class B and unclassified warrants. Issuance of those warrants will be at the rate of one-third warrant for each warrant exercised.



















