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CONTINENTAL MORTGAGE & EQUITY TRUST ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS

 CONTINENTAL MORTGAGE & EQUITY TRUST ANNOUNCES SPECIAL MEETING OF
 SHAREHOLDERS
 DALLAS, April 8 /PRNewswire/ -- The board of trustees of Continental Mortgage & Equity Trust (NASDAQ: CMETS) today announced that it will hold a special meeting of shareholders on May 26, 1992.
 Shareholders of record April 17, 1992, are eligible to vote on the proposal to amend section 5.3 of the Declaration of Trust. If approved it would allow Continental Mortgage to hold the shares of American Realty Trust, Inc., National Income Realty Trust and Transcontinental Realty Investors, Inc., that it currently owns until July 30, 1996.
 The board of trustees believes that the required disposition of the shares at this time would not be beneficial to Continental Mortgage and that holding the shares as a longer-term investment may allow the trust to realize a greater profit on its investment.
 -0- 4/8/92
 /CONTACT: Kevin LeBlanc of Continental Mortgage & Equity Trust, 214-692-4800/
 (CMETS) CO: Continental Mortgage & Equity Trust ST: Texas IN: FIN SU:


GK -- NY027 -- 6119 04/08/92 09:40 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:171
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