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AIM 84 REPORTS SECOND QUARTER NET EARNINGS OF 9 CENTS PER UNIT

 ROCKVILLE, Md., July 26 /PRNewswire/ -- American Insured Mortgage Investors (AIM 84) (AMEX: AIA), a self-liquidating partnership that holds multifamily mortgages, reported net earnings for three months ended June 30, 1993, of approximately $900,000 (9 cents per investment unit). This total is nearly the same as the earnings reported for the second quarter of 1992.
 At quarter-end, AIM 84 was invested in 18 government-insured mortgage investments on multifamily housing (one of which is classified as Mortgage Held for Disposition) and had total assets of approximately $47 million.
 AMERICAN INSURED MORTGAGE INVESTORS
 Statements of Operations
 (Unaudited)
 For the three months For the six months
 ended June 30, ended June 30,
 1993 1992 1993 1992
 Income:
 Mortgage investment
 income $1,120,116 $1,125,943 $2,244,192 $2,290,642
 Interest and other
 income 5,502 55,851 10,281 195,349
 Total 1,125,618 1,181,784 2,254,473 2,485,991
 Expenses:
 Asset management fee
 to related party 110,229 110,229 220,458 231,355
 General and
 administrative 81,467 144,414 180,423 279,858
 Total 191,696 254,643 400,881 511,213
 Earnings before
 loan loss 933,922 927,151 1,853,592 1,974,778
 Loan loss -- -- -- (21,103)
 Net earnings $ 933,922 $ 927,151 $1,853,592 $1,953,675
 Net earnings per
 Limited Partnership
 Unit $ 0.09 $ 0.09 $ 0.18 $ 0.19
 -0- 7/26/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for AIM 84/
 (AIA)


CO: American Insured Mortgage Investors ST: Maryland IN: FIN SU: ERN

KD-MH -- DC023 -- 5830 07/26/93 15:38 EDT
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Publication:PR Newswire
Date:Jul 26, 1993
Words:272
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