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AIM 85 DECLARES MONTHLY DISTRIBUTION FOR DECEMBER OF 11.5 CENTS

 ROCKVILLE, Md., Dec. 18 /PRNewswire/ -- American Insured Mortgage Investors - Series 85, L.P. (AIM 85) (AMEX: AII) announced today that the general partner declared the December 1992 monthly distribution in the amount of 11.5 cents per unit. This 11.5 cents per unit will be paid on Feb. 1, 1993, to holders of record on Dec. 31, 1992. The units will begin trading ex-dividend on Dec. 24, 1992.
 Distribution record dates for AIM 85 occur at the end of each month; payments are made each quarter. Distributions are paid approximately one month after the end of each quarter and cover any monthly distributions declared during the quarter.
 The quarterly distribution will total 28.5 cents per unit. It is composed of December's 11.5 cents per unit, November's 9 cents per unit and October's 8 cents per unit.
 December's distribution includes approximately 1.2 cents per unit which became available when AIM 85 received additional insurance proceeds from HUD for the defaulted co-insured mortgage on the Hammond North Apartments. The balance of December's declaration is primarily the result of an increase in cash flow from additional advances on construction loans and new mortgage investments.
 -0- 12/18/92
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for AIM 85/
 (AII)


CO: American Insured Mortgage Investors - Series 85, L.P. ST: Maryland IN: FIN SU: DIV

MH -- DC009 -- 8133 12/18/92 10:36 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:238
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