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ASSET INVESTORS CORPORATION REVISES EXCESS INCLUSION INCOME

 DENVER, Colo., March 19 /PRNewswire/ -- Asset Investors Corporation (NYSE: AIC), a real estate investment trust, announced today that as a result of changes in mortgage interest rates and prepayment speeds, its excess inclusion income during 1992 was substantially higher than previously believed. Under the federal tax code, the company is required to distribute 95 percent of its income, including excess inclusion income, in order to maintain its status as a real estate investment trust.
 The company expects to make substantial additional dividend distributions which will satisfy these requirements. The specific form and timing of these dividend distributions has not yet been determined, but it is currently expected that all or a significant portion of these distributions will be securities.
 Although the company has not made any definitive decision at this time, the company believes that as result of the current residential real estate environment and its distribution requirements, the business conducted by the company may be substantially restructured and may also focus in the future on other permissible REIT activities including, but not limited to, the acquisition of ownership interests in securitizations of commercial real estate. The company expects to make a further announcement regarding this matter in the near future.
 -0- 3/19/93
 /NOTE TO EDITORS: For Additional Information on Asset Investors Corporation by FAX at No Cost, Dial 1-800-PRO-INFO, Code No. 016/
 /CONTACT: Spencer I. Browne, president & CEO of Asset Investors Corp., 303-793-2703/
 (AIC)


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

LD -- NY060 -- 8022 03/19/93 16:33 EST
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Publication:PR Newswire
Date:Mar 19, 1993
Words:255
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