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CRITEF-III PARTNERSHIP DECLARES 13.54 CENTS PER BAC FOR THE MONTH OF AUGUST

 ROCKVILLE, Md., Aug. 19 /PRNewswire/ -- Capital Realty Investors Tax Exempt Fund III Limited Partnership (CRITEF III) (AMEX: CRL) today declared the distribution for the month of August 1993 in the amount of 13.54 cents per Beneficial Assignee Certificate (BAC). Holders of record on Aug. 31, 1993, will receive the distribution for July as part of the next quarterly distribution which is expected to be paid on Nov. 12, 1993.
 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 III occur at the end of each month; payments are made quarterly. Distributions are paid approximately 45 days after the end of each quarter and include any monthly distributions declared during the quarter.
 CRITEF III began trading on the American Stock Exchange on July 1, 1993.
 CRITEF III is a partnership formed in 1987. It invested in eight federally tax-exempt mortgage revenue bonds and three working capital loans which were used to finance multifamily housing. The eight underlying multifamily housing properties are located in seven states.
 -0- 8/19/93
 /CONTACT: James T. Pastore, 301-231-0323, or Kathleen G. Sloan, 301-231-0384, both for CRITEF III/
 (CRL)


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

DC-IH -- DC010 -- 4519 08/19/93 17:11 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
Words:224
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