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PILGRIM PRIME RATE TRUST SCHEDULES TENDER OFFER

 PILGRIM PRIME RATE TRUST SCHEDULES TENDER OFFER
 LOS ANGELES, March 20 /PRNewswire/ -- Pilgrim Prime Rate Trust (the


trust), a closed-end investment company listed on the New York Stock Exchange (NYSE), today announced that its board of trustees has authorized the trust to conduct a tender offer for 7.5 million of its shares at net asset value at the close of the tender period. The tender period will commence March 27, 1992 and will end May 1, 1992.
 -0- 3/20/92
 /CONTACT: Tony De Angelis of The Pilgrim Group, 310-551-5406/ CO: Pilgrim Prime Rate Trust ST: California IN: SU:


DM -- LA021 -- 0231 03/20/92 16:39 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 20, 1992
Words:109
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