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AIM 85 DECLARES MONTHLY DISTRIBUTION FOR FEBRUARY OF 16 CENTS

 ROCKVILLE, Md., Feb. 17 /PRNewswire/ -- The general partner of American Insured Mortgage Investors - Series 85 L.P. (AIM 85) (AMEX: AII) today declared the monthly distribution for February 1993 in the amount of 16 cents per unit. This 16 cents per unit, which is comprised of 10 cents regular cash flow and 6 cents additional cash as described below, will be paid on May 3, 1993, to holders of record on Feb. 28, 1993.
 The 6 cents of additional cash includes approximately 5 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 and approximately 1 cent per unit as a result of receiving two monthly mortgage payments that were due during a prior period.
 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.
 -0- 2/17/93
 /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-TW -- DC035 -- 7513 02/17/93 16:35 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 17, 1993
Words:212
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