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AMERICA FIRST FINANCIAL FUND 1987-A ANNOUNCES INCREASE IN DISTRIBUTION RATES

 AMERICA FIRST FINANCIAL FUND 1987-A
 ANNOUNCES INCREASE IN DISTRIBUTION RATES
 OMAHA, Neb., March 10 /PRNewswire/ -- America First Financial Fund 1987-A (NASDAQ: AFFFZ) announced today that it will increase its annual distribution rate to $1.60 per unit from its current rate of $1.50 and that the distribution payment date will be changed from monthly to quarterly. Virtually all of the Fund's income is from its wholly-owned subsidiary, EurekaBank, a federal savings bank headquartered in Foster City, Calif.
 Michael Yanney, chairman of America First Companies said, "We are very pleased to announce this distribution increase. Since the Fund's acquisition of EurekaBank in 1988, we have paid distributions totalling $7.00 per unit to original investors. Book value has increased every quarter beginning at $17.25 per unit in May 1988 to $23.03 per unit at Dec. 31, 1991. The decision to increase distributions reflects EurekaBank's outstanding performance and our confidence in EurekaBank's ability to maintain healthy earnings. It is tangible evidence of our long-term expectations for EurekaBank. We believe that, with 37 locations in the San Francisco Bay Area, EurekaBank's franchise will continue to increase in value."
 Since year end 1989, EurekaBank's assets have grown from $1.8 billion to $2.1 billion, and the average deposits per branch have grown from $43.8 million to $47.1 million. EurekaBank has consistently been ranked one of the top savings institutions in the nation in terms of safety and profitability.
 According to Fund management, the last monthly distribution of $.1250 per unit will be paid on April 30, 1992, to holders of record as of March 31, 1992. The first quarterly distribution of $.40 per unit will be payable July 31, 1992, to holders of record as of June 30, 1992.
 -0- 3/10/92
 /CONTACT: Maurice E. Cox of America First, 800-283-2357/
 (AFFFZ) CO: America First Financial Fund 1987-A ST: Nebraska, California IN: FIN SU: DIV


MC -- DV001 -- 6780 03/10/92 10:20 EST
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Publication:PR Newswire
Date:Mar 10, 1992
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