Merry-go-round Stock Split Set

January 06, 1991

Merry-Go-Round Enterprises Inc., a leading specialty apparelo chain based in Joppa, announced that its Board of Directors declared a three-for-two common stock split in the form of a 50 percent stock dividend payable on Jan. 4, 1991, to shareholders of record at the close ofbusiness, Dec. 21, 1990.

This action was taken in recognition of the company's continuing growth and with hopes of broadening the stockholder base.

After the stock spit, the quarterly dividend rate on the company's common stock will be $.02 per share, which represents a 20 percent increase in the dividend rate.

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