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ANGELES MORTGAGE INVESTMENT TRUST ANNOUNCES FORMATION OF COMMITTEE OF INDEPENDENT TRUSTEES

 LOS ANGELES, March 5 /PRNewswire/ -- Angeles Mortgage Investment Trust (AMEX: ANM) announced today the formation of a committee, consisting solely of the ANM trustees who are not affiliated with Angeles Corp., to assume responsibility for the evaluation, negotiation and implementation of a potential restructuring of ANM's assets and liabilities, and to make all decisions relating to ANM's dealings with Angeles Corp. or any of its affiliates. ANM also announced that an independent firm of valuation consultants and independent counsel has been engaged to assist this committee.
 On behalf of the independent trustees, Jack McDonald noted that "the independent trustees of ANM are absolutely committed to doing everything within our power to protect the interests of ANM and its shareholders. We will be keeping the shareholders continually apprised of our efforts, and I ask that they be patient as these efforts proceed."
 -0- 3/5/93
 /CONTACT: Ron Consiglio, 310-247-0975, or Walter S. Losk, 800-421-4374, ext. 585, or 310-284-3585, both of Angeles/
 (ANM)


CO: Angeles Mortgage Investment Trust ST: California IN: FIN SU:

KJ-JL -- LA019 -- 3631 03/05/93 18:01 EST
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Publication:PR Newswire
Date:Mar 5, 1993
Words:181
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