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RESORT INCOME INVESTORS INC. ANNOUNCES FIRST QUARTER DISTRIBUTION

 RESORT INCOME INVESTORS INC. ANNOUNCES FIRST QUARTER DISTRIBUTION
 LOS ANGELES, April 6 /PRNewswire/ -- Resort Income Investors Inc. (AMEX: RII) today announced the declaration of its first quarter distribution of $0.375 per share. The distribution is payable on May 15, 1992 to shareholders of record on April 16, 1992.
 The company operates as a real estate investment trust ("REIT") under the provisions of the Internal Revenue Code. As such, it is required to distribute to shareholders at least 95 percent of its taxable income each year to continue to qualify as a REIT.
 Resort Income Investors Inc. is a Los Angeles-based REIT. RII is a lender focusing on the destination resort market. The investment manager, which is an affiliate of Hemmeter Partners, is responsible for reviewing investment options and making investment recommendations to the RII board of directors.
 Hemmeter Partners is an entity founded and headed by Christopher B. Hemmeter, a recognized leader in the development of luxury destination resorts. Previous developments of the Hemmeter Organization include the Hyatt Regency at Waikiki at Hemmeter Center in Honolulu, the Hyatt Regency Maui, the Westin Kauai at Kauai Lagoons, the Westin Maui and the Hyatt Regency Waikoloa on the Big Island of Hawaii.
 -0- 4/6/92
 /CONTACT: Greg Hooper of Resort Income Investors, 310-557-1359; or Gary Maier of Erickson Consulting Group, 310-829-4601, for Resort Income Investors/
 (RII) CO: Resort Income Investors Inc. ST: California IN: LEI SU: DIV


DM-KJ -- LA006 -- 5199 04/06/92 08:38 EDT
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Publication:PR Newswire
Date:Apr 6, 1992
Words:246
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