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AIM 85 DECLARES MONTHLY DISTRIBUTION FOR NOVEMBER OF 21 CENTS PER UNIT

 ROCKVILLE, Md., Nov. 19 /PRNewswire/ -- The general partner of American Insured Mortgage Investors -- Series 85, L.P. (AIM 85) (AMEX: AII) today declared the monthly distribution for November 1993 in the amount of 21 cents per unit. This amount will be paid, as part of the fourth quarter distribution, on Feb. 1, 1994, to holders of record on Nov. 30, 1993.
 November's distribution of 21 cents per unit includes the following:
 -- 10 cents per unit of regular cash flow;
 -- 5 cents per unit additional cash flow as a result of accrued but previously undistributed interest on the mortgages of Chapelgate Apartments, Cumberland Village and Sugar Creek Trace; and
 -- 6 cents per unit gain from the dispositions of the above three mortgages investments.
 Distribution record dates for AIM 85 occur at the end of each month. Distributions are paid approximately one month after the end of each calendar quarter and cover any monthly distributions declared during the quarter.
 -0- 11/19/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for AIM 85/


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

KD-MH -- DC018 -- 6644 11/19/93 15:48 EST
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Publication:PR Newswire
Date:Nov 19, 1993
Words:199
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