Dura Automotive Announces Dividend on Trust Preferred Securities
1 December 1999
Dura Automotive Announces Dividend on Trust Preferred SecuritiesMINNEAPOLIS, Dec. 1 -- Dura Automotive Systems, Inc. , announced today thadend of $0.47 per share will be paid on the 7 1/2 percent convertible trust preferred securities issued by the Dura Automotive Capital Trust. The dividend will be payable on Dec. 31, 1999, to stockholders of record on Dec. 15, 1999. The dividend will be paid on 2,210,000 shares outstanding. The convertible trust preferred securities are traded on the Nasdaq National Market under the symbol DRRA. Dura Automotive Systems, Inc., is the world's largest independent designer and manufacturer of driver control systems and a leading global supplier of door systems, window systems and engineered mechanical components for the global automotive industry. The company is also a leading supplier of similar products to the North American recreational vehicle, mass transit and heavy truck market. The company's products include door modules, parking brake systems, automotive cables, transmission shifter systems, encapsulated and sliding windows, window regulators, hinges, latches, seating systems, engine control products, underbody tire carriers, jacks, brake, clutch and accelerator pedals and other mechanical assemblies. The company's products are sold to every North American, European and Japanese original equipment manufacturers, including Ford, General Motors, DaimlerChrysler, Volkswagen, BMW, Toyota, Honda, Nissan, PSA (Peugeot and Citroen) and Renault.