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ASSET INVESTORS CORPORATION ANNOUNCES DIVIDENDS: INCREASES REGULAR QUARTERLY DIVIDEND TO EIGHT CENTS PER SHARE DECLARES SPECIAL DIVIDEND OF THREE CENTS PER SHARE

 DENVER, Nov. 18 /PRNewswire/ -- Asset Investors Corporation (NYSE: AIC) today announced that its Board of Directors declared a regular fourth quarter dividend of eight cents per share. In addition, the company declared a special year end dividend of three cents per share. Both dividends are payable on December 5, 1994 to shareowners of record on November 28, 1994.
 The company paid a five cents per share dividend in the fourth quarter of 1993. The combined eight cents regular dividend and three cents special dividend represent a 120% increase over the fourth quarter 1993 dividend. Including the dividends declared today, Asset Investors will have paid in excess of $220,257,000, or $16.92 per share, in aggregate dividends since the company's inception in December 1986.
 Asset Investors Corporation is a real estate investment trust which generates income from its portfolio of ownership interests in residential mortgage loan securitizations and its ownership of shares of Commercial Assets, Inc. (AMEX: CAX).
 -0- 11/18/94
 /CONTACT: Spencer I. Browne, President & CEO, of Asset Investors Corp. 303-793-2703; or Athan Demakos, general information, of Financial Relations Board Chicago, 312-266-7800; or Ophelia Bumgardner, analysts, of Financial Relations Board New York, 212-661-8030; or Stephanie Mishra, analysts, of Financial Relations Board San Francisco, 415-986-1591/
 (AIC CAX)


CO: Asset Investors Corporation ST: Colorado IN: FIN SU: DIV

TB -- CL005 -- 6638 11/18/94 09:15 EST
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Publication:PR Newswire
Date:Nov 18, 1994
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