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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event) October 6, 1998
ASSOCIATES FIRST CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 06-0876639
(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
2-44197
(Commission File Number)
250 E. Carpenter Freeway, Irving, Texas 75062-2729
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972) 652-4000
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Item 5. Other Events.
Associates First Capital Corporation announced a two-for-one split of the
company's common stock through a one-for-one stock dividend. The Associates
board of directors also voted to increase the quarterly cash dividend.
A copy of the news release is attached as an Exhibit hereto and
incorporated by reference herein.
Item 7. Financial Statements and Exhibits
( C ) Exhibits
20 - News release by Associates First Capital Corporation dated
October 6, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ASSOCIATES FIRST CAPITAL CORPORATION
By:/s/ Frederic C. Liskow
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Assistant Secretary
Date: October 6, 1998
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THE ASSOCIATES.
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NEWS
News Media: (972) 652-4522 FOR IMMEDIATE RELEASE
THE ASSOCIATES SPLITS COMMON STOCK 2-FOR-1,
INCREASES QUARTERLY DIVIDEND
DALLAS, Oct. 6, 1998 - Associates First Capital Corporation (NYSE: AFS) today
announced a two-for-one split of the company's common stock. It will be done in
the form of a dividend, with one additional common share issued on Dec. 23, 1998
for every common share held by stockholders of record as of the close of
business on Dec. 9, 1998. Since the company's initial public offering on
May 8, 1996, its stock has appreciated 93 percent.
The Associates board of directors also voted to increase the quarterly cash
dividend by $0.01 per share, from $0.10 to $0.11, payable on Dec. 1, 1998 to
holders of record on Oct. 30, 1998. This represents a 10 percent increase in
the quarterly cash dividend of AFS common stock.
"These changes reflect our confidence in the future of the company," said Keith
W. Hughes, chairman and chief executive officer of The Associates. "We are
building toward our 24th consecutive year of earnings improvement in 1998 and
look forward to continuing that track record in years to come."
Associates First Capital Corporation, established in 1918, is a leading
diversified finance company that provides consumer and commercial finance,
leasing, insurance and related services worldwide. Headquartered in Dallas, it
is one of the nation's 100 largest companies, based on total market
capitalization.
This news release contains certain forward-looking statements, including
expectations relating to receivables growth and earnings. The factors, which
may cause future results to differ materially from expectations, are
discussed in the form 10-K for the year ended Dec. 31, 1997, filed with
the Securities and Exchange Commission.