Allied Capital Commercial Corp. declares extra distribution of 17 cents per share.

WASHINGTON--(BUSINESS WIRE)--Dec. 15, 1995--The board of directors of Allied Capital Commercial Corp. (ALCC) Friday declared an annual extra distribution in the amount of 17 cents per share.

Including this extra distribution, Allied Capital Commercial Corp. will distribute a total of $1.78 per share to shareholders for 1995, a 21% increase over 1994 total distributions of $1.47 per share. The distribution is payable as follows: -0-

               Amount:             17 cents per share
               Ex-Dividend Date:   Dec. 26, 1995
               Record Date:        Dec. 28, 1995
               Payment Date:       Jan. 31, 1996-0-

Shareholders should note that this extra distribution is taxable for 1995, although it will be paid in January 1996. -0-

Allied Capital Commercial Corp. is a publicly traded mortgage REIT headquartered in Washington, D.C., traded on the Nasdaq National Market, symbol ALCC. The company purchases and originates commercial mortgage loans across the United States. There are a total of 13,583,733 shares outstanding.

The company currently pays a regular quarterly cash dividend of 42 cents per share and for 1995 will pay an extra cash distribution of 17 cents per share for a total distribution to shareholders for 1995 of $1.78 per share. For 1994, the company distributed a total of $1.47 per share. The stock was recently quoted at $18 7/8 per share and the shares are marginable.

For additional information or a copy of the company's annual report, please contact Allied Capital's Investor Relations Department at 202/973-6334 or fax to 202/659-2053.

CONTACT: Allied Capital, Washington

Suzanne Sparrow, 202/973-6334