Allied Capital Commercial Corp. increases quarterly dividend by 5% to 44 cents per share from 42 cents per share.

WASHINGTON--(BUSINESS WIRE)--Feb. 15, 1996--The board of directors of Allied Capital Commercial Corp. (ALCC) declared the company's first quarter dividend in the amount of 44 cents per share, which represents a 5% increase over the fourth quarter dividend paid on Dec. 29, 1995.

This is the ninth consecutive quarterly dividend increase the company has announced. The dividend paid in December reflected a 2.4% increase over the prior quarterly dividend, and the dividend paid in September reflected a 2.5% increase over the prior quarterly dividend. The company has paid regular quarterly cash dividends every quarter since inception in 1992.

The dividend is payable as follows: -0-

                Amount:                  44 cents per share
                Ex-Dividend Date:        March 13, 1996
                Record Date:             March 15, 1996
                Payment Date:            March 29, 1996-0-

Allied Capital Commercial Corp. is a publicly traded commercial mortgage REIT. The company is headquartered in Washington, D.C. and traded on the Nasdaq National Market, symbol ALCC. There are a total of 13,762,109 shares outstanding.

The company currently pays a regular quarterly cash dividend of 44 cents per share. For 1995, the company paid a total of $1.78 per share; for 1994 distributions totaled $1.47 per share. A recent stock quote is $18 5/8 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, 202/973-6326