Gainsco, Inc. Declares Regular Quarterly Cash Dividend

Business Wire, Nov 12, 1996

FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 12, 1996--GAINSCO, INC. (NYSE:GNA), announced the declaration of its regular quarterly cash dividend of $.015 per share payable on January 15, 1997, to shareholders of record on December 31, 1996.

GAINSCO, INC. is a vertically integrated property and casualty insurance holding company specializing in underwriting excess and surplus lines. Its insurance companies are General Agents Insurance Company of America, Inc., MGA Insurance Company, Inc. and GAINSCO County Mutual Insurance Company and they are all rated "A " (Superior) by A.M. Best. The insurance service subsidiaries include General Agents Premium Finance Company, which offers premium financing programs for general agents in connection with their marketing activities and Agents Processing Systems, Inc., which markets a computer software policy management system to general agents.

CONTACT: Company Contact

Joseph D. Macchia

President

(817) 336-2500

OR

Tim Wallace/John Lovallo

Makovsky & Company, Inc.

(212) 508-9600