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CHAMPS DECLARES DIVIDEND OF 18 CENTS PER SHARE

 ROCKVILLE, Md., May 18 /PRNewswire/ -- Capital Housing and Mortgage Partners, Inc. (CHAMPS) (AMEX: CAP), announced today that the board of directors declared a dividend of 18 cents per share for the three-month period March 1 through May 31, 1993. This dividend will be paid on June 30, 1993, to shareholders of record on May 28, 1993. CHAMPS will begin trading ex-dividend on May 24, 1993.
 This 18 cents per share includes 12 cents per share of regular cash flow and 6 cents per share net return of capital from the balance due from the disposition of the mortgage on Montpelier Woods Apartments.
 CHAMPS is a self-liquidating real estate investment trust which invested in government-insured mortgage loans, mortgage-backed securities and participating mortgage investments.
 -0- 5/18/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for Capital Housing and Mortgage Partners/
 (CAP)


CO: Capital Housing and Mortgage Partners, Inc. ST: Maryland IN: FIN SU: DIV

DC-KD -- DC026 -- 9860 05/18/93 14:29 EDT
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Publication:PR Newswire
Date:May 18, 1993
Words:166
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