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RAC INCOME FUND DECLARES MARCH DIVIDEND

 RAC INCOME FUND DECLARES MARCH DIVIDEND
 COLUMBIA, Md., March 2 /PRNewswire/ -- RAC Income Fund, Inc.


(NYSE: RMF) today announced a monthly dividend for March of $0.105 per share to holders of record on March 16, 1992, payable on March 31.
 The ex-dividend trade date is March 10.
 The fund's net asset value per share as of Feb. 26, 1992, was $11.45.
 RAC Income Fund, a closed-end investment fund, primarily invests in fixed-income mortgage-backed securities that are rated AAA or AA by a nationally recognized agency, or are issued or guaranteed by the U.S. government, its agencies or instrumentalities. The fund's goal is to distribute monthly income that is 150 to 200 basis points greater than the rate obtainable from U.S. Treasury securities, having the same maturity as the expected average life of the fund's investments.
 -0- 3/2/92
 /CONTACT: Sylvia Gillan of RAC Income Fund, 410-730-6851/
 (RMF) CO: RAC Income Fund, Inc. ST: Maryland IN: FIN SU: DIV


JS-KA -- PH010 -- 3878 03/02/92 10:55 EST
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Publication:PR Newswire
Date:Mar 2, 1992
Words:172
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