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Twin Disc, Inc., Declares Reduced Regular Quarterly Cash Dividend

16 April 1999

Twin Disc, Inc., Declares Reduced Regular Quarterly Cash Dividend

    RACINE, Wis.--April 16, 1999--Twin Disc, Inc. , announced today that the Board of Directors declared a reduced regular quarterly cash dividend of $0.175 per share, payable on June 1, 1999, to stockholders of record on May 14, 1999. The previous quarterly cash dividend was $0.21 per share.
    In view of the soft market conditions and increased debt levels incurred in the pursuit of our growth objectives, the Board of Directors has deemed it prudent to reduce the dividend rate to manage cash flow more effectively.
    Twin Disc, Inc., designs, manufactures, and internationally distributes heavy-duty off-highway power transmission equipment for the construction, industrial, government, marine, agricultural, and energy and natural resources markets.