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COLUMBIA REAL ESTATE INVESTMENTS DECLARES DIVIDEND

 COLUMBIA REAL ESTATE INVESTMENTS DECLARES DIVIDEND
 COLUMBIA, Md., Dec. 3 /PRNewswire/ -- The board of directors of


Columbia Real Estate Investments, Inc. (AMEX: CIV) today announced the declaration of a dividend of 23 cents per share, payable on Dec. 31, 1991, to shareholders of record at the close of business on Dec. 16.
 This dividend represents the results of the company's operations for the three-month period ended Nov. 30, 1991.
 Columbia Real Estate Investments, Inc. is a real estate investment trust which invests in residential mortgages and other mortgage derivative products. It also has issued collateralized mortgage obligations (CMOs) through a special purpose subsidiary.
 -0- 12/3/91 R
 /CONTACT: Tom Ireton of Columbia Real Estate Investments, 301-964-8875/
 (CIV) CO: Columbia Real Estate Investments, Inc. ST: Maryland IN: SU: DIV


GK-CK -- NY066 -- 8863 12/03/91 15:15 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 3, 1991
Words:138
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