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CRIIMI MAE DECLARES 27 PER CENTS PER SHARE FOR FIRST QUARTER 1992 DIVIDEND; ANNOUNCES MAY 12 ANNUAL MEETING

CRIIMI MAE DECLARES 27 PER CENTS PER SHARE FOR FIRST QUARTER 1992
 DIVIDEND; ANNOUNCES MAY 12 ANNUAL MEETING
 ROCKVILLE, Md., March 10 /PRNewswire/ -- CRI Insured Mortgage Association, Inc. (CRIIMI MAE) (NYSE: CMM), announced today that the board of directors declared the first quarter 1992 dividend in the amount of 27 cents per share. This 27 cents per share will be paid on March 31, 1992, to shareholders of record on March 20, 1992. CRIIMI MAE stock will begin trading ex-dividend on March 16, 1992.
 CRIIMI MAE also said its annual meeting of shareholders will be held Tuesday, May 12, 11 a.m., at the Holiday Inn Crowne Plaza in Rockville, Md. The record date for the meeting is March 23, 1992.
 CRIIMI MAE, with consolidated assets of approximately $546 million as of Dec. 31, 1991, is a real estate investment trust specializing in insured and securitized multifamily mortgage investments. CRIIMI MAE's advisor is an affiliate of CRI, Inc., the real estate investment firm based in the Washington area.
 -0- 3/10/92
 /CONTACT: James T. Pastore, 301-231-0323, or Susan J. Bressler, 301-468-3120, both for CRIIMI MAE/
 (CMM) CO: CRI Insured Mortgage Association, Inc. ST: Maryland IN: FIN SU: DIV


MP-SB -- DC004 -- 6772 03/10/92 10:06 EST
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Publication:PR Newswire
Date:Mar 10, 1992
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