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CRITEF-II PARTNERSHIP DECLARES 8.3 CENTS PER BAC FOR THE MONTH OF AUGUST

 ROCKVILLE, Md., Aug. 19 /PRNewswire/ -- Capital Realty Investors Tax Exempt Fund Limited Partnership, Series II (CRITEF II) (AMEX: CRB), today declared the distribution for the month of August 1993 in the amount of 8.3 cents per Beneficial Assignee Certificate (BAC). Holders of record on Aug. 31, 1993, will receive the distribution for August as part of the next semi-annual distribution which is expected to be paid on March 1, 1994.
 Annualizing the distribution for August would require multiplying this month's total by a factor of 12 months, not four quarters. Record dates for CRITEF II occur at the end of each month; payments are made semi-annually. Distributions are paid approximately 60 days after the end of each semi-annual period and include any monthly distributions declared during the period.
 CRITEF II BACs began trading on the American Stock Exchange on July 1, 1993.
 CRITEF II is one of two series of securities issued by one partnership -- Capital Realty Investors Tax Exempt Fund Limited Partnership. The partnership was formed in 1986. It offered Series II BACs and invested the offering's net proceeds in five federally tax- exempt mortgage revenue bonds used to finance multifamily housing.
 -0- 8/19/93
 /CONTACT: James T. Pastore, 301-231-0323, or Kathleen G. Sloan, 301-231-0384, both for CRITEF II/
 (CRB)


CO: Capital Realty Investors Tax Exempt Fund Limited Partnership,
 Series II ST: Maryland IN: FIN SU: DIV


IH-DC -- DC009 -- 4517 08/19/93 17:10 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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