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AIM 85 DECLARES MONTHLY DISTRIBUTION FOR JULY OF 26.5 CENTS PER UNIT

 ROCKVILLE, Md., July 20 /PRNewswire/ -- The general partner of American Insured Mortgage Investors -- Series 85, L.P. (AIM 85) (AMEX: AII), today declared the monthly distribution for July 1993 in the amount of 26.5 cents per unit. This 26.5 cents per unit is composed of 10 cents regular cash flow and 16.5 cents per unit additional cash, as described below. This amount will be paid on Nov. 1, 1993, to holders of record on July 31, 1993.
 The 16.5 cents per unit of additional cash became available as a result of receiving insurance proceeds from HUD for the defaulted co- insured mortgage on 1212 N. LaSalle. The additional cash represents the portion of accrued interest which was previously undistributed to unitholders.
 Distribution record dates for AIM 85 occur at the end of each month; payments are made each quarter. Distributions are paid approximately one month after the end of each calendar quarter and cover any monthly distributions declared during the quarter.
 -0- 7/20/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for AIM 85/
 (AII)


CO: American Insured Mortgage Investors -- Series 85, L.P. ST: Maryland IN: FIN SU: DIV

MH-IH -- DC035 -- 3554 07/20/93 16:22 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:208
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