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ANGELES MORTGAGE INVESTMENT TRUST REPORTS THIRD QUARTER FISCAL 1992 RESULTS

 LOS ANGELES, Nov. 16 ~PRNewswire~ -- Angeles Mortgage Investmen t Trust (AMEX: ANM) today reported net income of $1,789,000, or $.52 per Class A share, in the fiscal 1992 third quarter ended Sept. 30.
 Revenue was $2,402,000. In the 1991 third quarter, net income was $1,364,000, or $.48 per Class A share, on revenue of $2,004,000.
 For the nine months ended Sept. 30, 1992, net income was $5,038,000, or $1.56 per Class A share, on revenue of $7,166,000, compared with net income of $4,113,000, or $1.46 per Class A share, and revenue of $6,262,000, in the 1991 like period.
 Cash distributions were $.50 per Class A share in the third quarter, and $1.50 for the nine months. The Trust has a stated distribution policy of paying a minimum of $2.00 per share per year, with that rate guaranteed through May 31, 1994.
 Angeles Mortgage Investment Trust is a real estate investment trust which makes intermediate-term mortgages and other secured loans primarily to affiliated real estate limited partnerships and other types of investment programs. Its investments are principally second and other subordinated mortgage loans, as well as participating mortgages.
 The Trust's advisor is Angeles Funding Corporation, a member of the Mortgage Bankers Association of America, and a wholly owned subsidiary of Angeles Corporation (AMEX: ANG).
 -0- 11~16~92
 ~CONTACT: Steve Leach of Angeles Mortgage Investment Trust, 800-421-4374, ext. 598, or 310-284-3598~
 (ANM)


CO: Angeles Mortgage Investment Trust ST: California IN: SU: ERN

CF-EA -- LA022 -- 1346 11~16~92 13:50 EST
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Publication:PR Newswire
Date:Nov 16, 1992
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