FBR Asset Investment Corp. Declares Quarterly Dividend.

WASHINGTON--(BUSINESS WIRE)--April 9, 1998--FBR Asset Investment Corporation announced today that the Board of Directors approved a cash dividend of $0.20 per share payable April 22, 1998 to shareholders of record as of April 7, 1998.

The dividend covers the period from January 1, 1998 to March 31, 1998.

FBR FBR Friedman, Billings, Ramsey Group, Inc. (investment firm)
FBR Fast Breeder Reactor
FBR Federal Benefit Rate
FBR Foundation for Biomedical Research
FBR Foundation for Blood Research
FBR Fluidized Bed Reactor Asset Investment Corporation is a private real estate investment trust (REIT REIT

See: Real Estate Investment Trust

REIT

See real estate investment trust (REIT). ) formed in December 1997 by Friedman, Billings, Ramsey Group, Inc. At March 31, 1998, FBR Asset Investment Corporation had approximately $208 million under management.

Friedman, Billings, Ramsey Group, Inc. (NYSE NYSE

See: New York Stock Exchange : FBG FBG Fiber Bragg Gratings
FBG Fasting Blood Glucose
FBG Functional Brain-Gut Research Group
FBG Florida Brewer's Guild
FBG Fluidized Bed Generator
FBG Flavor Blasted Goldfish (gaming)
FBG Forum Battle Group ) is a publicly traded, full-service investment banking firm. The company's research analysts cover more than 400 publicly traded companies, most of which are in the technology, banking, thrift, specialty finance, real estate and consolidation sectors. Asset management operations include private investment partnerships, private equity and venture capital and the FBR Family of Funds Family of Funds

A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective.

Also referred to as a "Mutual Fund Family" or simply a "Fund Family". . FBR maintains a full service trading operation in common and preferred stocks and high yield debt and makes a market in more than 350 securities. The company's website can be accessed at http://www.fbr.com.

CONTACT: FBR, Arlington, Va.

Investor Contact: Eric Generous, 703/312-9510

Media Contact: Melanie Nelson, 703/312-9600

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Publication:	Business Wire
Date:	Apr 9, 1998
Words:	199
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