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ASSET INVESTORS INCREASES REGULAR QUARTERLY DIVIDEND TO 75 CENTS PER SHARE & DECLARES A YEAR-END 1991 SPECIAL DIVIDEND OF 5 CENTS PER SHARE

ASSET INVESTORS INCREASES REGULAR QUARTERLY DIVIDEND TO 75 CENTS PER SHARE & DECLARES A YEAR-END 1991 SPECIAL DIVIDEND OF 5 CENTS PER SHARE
 DENVER, Dec. 5 /PRNewswire/ -- Asset Investors Corp. (NYSE: AIC) today announced its board of directors had declared a regular quarterly dividend of 75 cents per share for the fourth quarter of 1991 and a year-end 1991 special dividend of five cents per share. These dividends are payable on Dec. 27, 1991, to stockholders of record on Dec. 16, 1991.
 The 75 cent per share regular quarterly dividend represents a 25 cent per share increase over the company's 50 cent per share dividend paid for the fourth quarter of 1990 and a 5 cent per share increase over the 70 cent dividend paid for the third quarter of 1991. The company's $2.70 in dividends per share declared in 1991 are 46 percent higher than the $1.85 in dividends per share paid by Asset Investors in 1990.
 Spencer I. Browne, president and chief executive officer of Asset Investors, commented, ''The increase in the regular quarterly dividend and the addition of the special dividend are attributable, among other things, to increases in tax income due to additions to the company's portfolio of CMO residual interests and lower short- term interest rates. With the payments of these dividends, Asset Investors will have paid in excess of $143,400,000, or $11.45 per share, in aggregate dividends since the company's inception in December 1986.''
 Asset Investors Corp. is a real estate investment trust that generates income from a portfolio of ownership interests in the issuances of collateralized mortgage obligations (CMOs) and other mortgage-related assets.
 -0- 12/05/91
 /CONTACT: Spencer Browne, president and CEO, or Michael H. Feinstein, executive VP, oF Asset Investors, 303-793-2703; or Gary Strong, 312-266-7800 or Scott Snyderman, 212-661-8030, both of The Financial Relations Board, for Asset Investors/
 (AIC) CO: Asset Investors Corp. ST: Colorado IN: FIN SU: DIV


JP -- NY081 -- 9790 12/05/91 15:46 EST
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Publication:PR Newswire
Date:Dec 5, 1991
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