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AMERICA FIRST PREP FUND 2 ANNOUNCES THIRD QUARTER EARNINGS

      AMERICA FIRST PREP FUND 2 ANNOUNCES THIRD QUARTER EARNINGS
    OMAHA, Neb., Nov. 13 /PRNewswire/ -- America First PREP Fund 2 Limited Partnership (AMEX: PF) reported earnings of $358,976 or $.2099 per Beneficial Unit Certificate (BUC) for the quarter ended Sept. 30, 1991, and $1,059,080 or $.6190 per BUC for the nine months ended Sept. 30, 1991.  The Partnership's earnings were $388,748 or $.2267 per BUC for the quarter ended Sept. 30, 1990, and $1,127,344 or $.6581 per BUC for the nine months ended Sept. 30, 1990.  Book value of the Partnership was $15.26 per BUC at Sept. 30, 1991.
    The Partnership's income consisted primarily of earnings from mortgage-backed securities.  The Partnership is making monthly cash distributions to Beneficial Unit Certificate Holders at an annualized rate of $1.65 per BUC.
    -0-                      11/13/91
    /CONTACT:  Maurice Cox, Jr. of America First, 402-444-1630/
    (PF) CO:  America First PREP Fund 2 Limited Partnership ST:  Nebraska IN:  FIN SU:  ERN SG -- DV005 -- 3927 11/13/91 12:04 EST
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Publication:PR Newswire
Date:Nov 13, 1991
Words:172
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