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ANGELES MORTGAGE INVESTMENT TRUST REPORTS SECOND QUARTER FISCAL 1992 RESULTS

 ANGELES MORTGAGE INVESTMENT TRUST REPORTS
 SECOND QUARTER FISCAL 1992 RESULTS
 LOS ANGELES, Aug. 14 /PRNewswire/ -- Angeles Mortgage Investment Trust (AMEX: ANM) today reported net income of $1,799,000, or $.52 per class A share, in the fiscal year 1992 second quarter ended June 30. Revenue was $2,463,000. In the 1991 second quarter, net income was $1,351,000, or $.48 per class A share, on revenue of $2,204,000.
 For the six months ended June 30, 1992, net income was $3,249,000, or $1.04 per class A share, on revenue of $4,781,000, compared with net income of $2,749,000, or $.98 per class A share and revenue of $4,258,000, in the 1991 like period.
 Cash distributions were $.50 per class A share in the second quarter, and $1.00 for the six months. The trust has a stated distribution policy of paying a minimum of $2.00 per share per year, with that rate guaranteed through May 31, 1994.
 Angeles Mortgage Investment Trust is a real estate investment trust which makes intermediate-term mortgages and other secured loans primarily to affiliated real estate limited partnerships and other types of investment programs. Its investments are principally second and other subordinated mortgage loans, as well as participating mortgages. The trust's advisor is Angeles Funding Corp., a member of the Mortgage Bankers Association of America, and a wholly owned subsidiary of Angeles Corp (AMEX: ANG).
 Angeles Corp. is a real estate investment management company with approximately $1.5 billion of assets under management.
 -0- 8/14/92
 /CONTACT: Steve Leach of Angeles, 800-421-4374, ext. 598, or 310-284-3598/
 (ANM) CO: Angeles Mortgage Investment Trust ST: California IN: FIN SU: ERN


AL-JL -- LA013 -- 0036 08/14/92 13:06 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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