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91.12 CENTS PER SHARE OF CRIIMI MAE'S 1993 DIVIDEND IS ORDINARY INCOME; 20.88 CENTS PER SHARE IS NET LONG-TERM CAPITAL GAINS

 ROCKVILLE, Md., Jan. 13 /PRNewswire/ -- CRIIMI MAE Inc. (NYSE: CMM) today said the composition of its 1993 dividend for tax purposes is as follows:
 -- 81.36 percent attributed to ordinary income; and
 -- 18.64 percent attributed to net long-term capital gains.
 CRIIMI MAE's entire dividend is taxable. No part of the dividend is return of capital for income tax reporting. These percentages apply equally to each of the dividends paid in 1993.
 CRIIMI MAE paid dividends in 1993 of $1.12 per share. Of that total:
 -- 91.12 cents per share represents ordinary income; and
 -- 20.88 cents per share represents net long-term capital gains.
 CRIIMI MAE Inc. is the nation's largest multifamily mortgage REIT. CRIIMI MAE's advisor is an affiliate of CRI, Inc., a real estate investment firm located in the Washington-area.
 -0- 1/13/94
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for CRIIMI MAE/
 (CMM)


CO: CRIIMI MAE Inc. ST: Maryland IN: FIN SU: DIV

IH-DT -- DC004 -- 1707 01/13/94 09:17 EST
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Publication:PR Newswire
Date:Jan 13, 1994
Words:171
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