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Stocks Q / Quanex Corporation


Subject:  Direct Purchase Plan Date:  8/17/1998  10:29 AM
Author:  TMFElwood Number:  2 of 7

Quanex Corporation today unveiled its open-enrollment stock purchase program. This direct stock purchase and dividend reinvestment (DSP) plan goes into effect immediately, replacing Quanex's dividend reinvestment plan (DRIP).

The DSP Plan will allow investors to make automatic cash investments, direct deposit of dividends, and certificate safekeeping -- all at no charge.

A thorough description of the new plan, with a list of other benefits, investment options, fees and an enrollment form, is available from the company's transfer agent, American Stock Transfer & Trust Company, 40 Wall Street, 46th Floor, New York, NY 10005; (800)278-4353.

Fool on!


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