Capital Alliance Income Trust Ltd. Announces Declaration of Common Share Dividend for Second Quarter 2000.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--June 22, 2000

Capital Alliance Income Trust Ltd., ("CAIT") (AMEX: CAA), a specialty residential finance company announced that its Board had declared CAIT's common share dividend for the second quarter of 2000 at $.085 per share. The dividend will be payable on July 17, 2000 to shareholders of record on July 1, 2000.

CAIT is a specialty residential mortgage finance company which invests for its portfolio in high-yielding, non-conforming, residential mortgage loans on one-to-four unit residential properties located primarily in California and the western United States. Also, through Capital Alliance Funding Corporation ("CAFC") it originates conforming and non-conforming residential mortgage loans for sale to investors on a whole-loan basis for cash. CAFC recently, after a rigorous due diligence process, qualified for and was approved as a Seller-Servicer for Freddie Mac ("FHLMC") for conforming A and A-rated residential mortgages.

Certain oral and written statements of the management of CAIT included in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. The accuracy of such statements cannot be guaranteed, as they are subject to a variety of risks.