Asset Investors Corporation declares 1996 first-quarter dividend.

DENVER--(BUSINESS WIRE)--March 12, 1996--Asset Investors Corporation (NYSE: AIC) today announced that its board of directors declared a 1996 first-quarter dividend of $2,192,000, or nine cents per share, a 12 percent increase over the company's 1995 first-quarter dividend of $1,938,000, or eight cents per share.

The dividend is payable on March 29, 1996, to shareowners of record on March 22, 1996.

Spencer I. Browne, President and Chief Executive Officer, commented: "Our first-quarter dividend of nine cents per share provides an 11 percent yield based on the March 11, 1996, $3.25 closing price of our stock. We anticipate that the continued strong performance of our assets should allow us to increase our 1996 total dividends to shareowners to between 36 and 39 cents per share, assuming expenses and credit losses do not exceed projected levels and that we are able to acquire credit-support bonds backed by home mortgage loans at or near current yields."

Asset Investors Corporation is a real estate investment trust (REIT) that generates income from credit-support debt interests backed by home mortgage loans and from its ownership of 27 percent of Commercial Assets, Inc. (ASE: CAX). -0-

NOTE: For Additional Information on Asset Investors Corporation

by FAX at No Cost, Dial 1-800-PRO-INFO, Code #016.

CONTACT: Asset Investors Corporation, Denver

Spencer I. Browne (financial), 303/793-2703

or

Financial Relations Board, Chicago

Athan Demakos (general information), 312/266-7800

Claire Baldikoski (analyst contact), 312/266-7800