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CHICAGO MILWAUKEE CORP. REPORTS 1992 SECOND QUARTER OPERATING RESULTS

 CHICAGO MILWAUKEE CORP. REPORTS
 1992 SECOND QUARTER OPERATING RESULTS
 CHICAGO, Aug. 12 /PRNewswire/ -- Chicago Milwaukee Corp.(NYSE: CHG), a closed-end, non-diversified, management investment company, today reported results for the quarter ended June 30, 1992.
 Net assets at June 30, 1992 totaled $290.2 million. Net asset value per common share was $156.95 at June 30, 1992, based on 1,671,238 common shares outstanding. This compares to $281 million equal to $151.49 per share common share at Dec. 31, 1991 (see attached chart).
 Net investment income totaled approximately $3.7 million for the second quarter of 1992. This compared to net investment income of $4.3 million for the comparable quarter of 1991. The decrease was attributable primarily to a decline in investment income due to lower interest rates.
 Net realize gain on sales of investments for the quarter totaled $2.2 million. This compared to $1.2 million for the 1991 second quarter. The net unrealized appreciation on investments for the quarter ended June 30, 1992 was an increase of approximately $4.7 million. This compared to an increase of $.1 million in the second quarter of 1991.
 CHICAGO MILWAUKEE CORP. & SUBSIDIARY
 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
 QUARTER ENDED JUNE 30, 1992
 QUARTER ENDED
 JUNE 30, 1992
 Investment income $ 4,531,822
 Total expenses 819,362
 Net investment income 3,712,460
 Net realized and unrealized
 gain on investments 6,909,917
 Net increase in net assets
 from operations $10,622,377
 CHICAGO MILWAUKEE CORP. & SUBSIDIARY
 CONDENSED CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
 JUNE 30, 1992 AND DEC. 31, 1992
 June 30, 1992 Dec. 31, 1991
 Investments at fair value $297,334,777 $289,110,053
 All other assets 7,643,753 7,171,219
 Total assets 304,978,530 296,281,272
 Total liabilities 14,809,550 15,243,022
 NET ASSETS $290,168,980 $281,038,250
 Net asset value per common share $156.95 $151.49
 Common shares outstanding 1,671,238 1,671,238
 -0- 8/12.92
 /CONTACT: Leon F. Fiorentino of Chicago Milwaukee Corp, 312-294-0440/
 (CHG) CO: Chicago Milwaukee Corp. ST: Illinois IN: FIN SU: ERN


DC -- NY075 -- 6344 08/12/92 16:20 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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