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CHAMPS DECLARES DIVIDEND

 CHAMPS DECLARES DIVIDEND
 ROCKVILLE, Md., May 19 /PRNewswire/ -- Capital Housing and


Mortgage Partners, Inc. (CHAMPS) (AMEX: CAP) announced today that the board of directors declared a dividend in the amount of 55 cents per share for the three month period March 1, 1992, through May 31, 1992. This 55 cents per share includes a return of capital of 38.8 cents from the disposition of the mortgage investment in Oak Hills Village and will be paid on June 30, 1992, to shareholders of record on May 29, 1992.
 CHAMPS is a self-liquidating real estate investment trust which invested in government-insured mortgage loans, mortgage-backed securities and participating investments.
 -0- 5/19/92
 /CONTACT: James T. Pastore, 301-231-0323, or Susan J. Bressler, 301-468-3120, both for CHAMPS/
 (CAP) CO: Capital Housing and Mortgage Partners, Inc. ST: Maryland IN: SU: DIV


TW-DC -- DC014 -- 1932 05/19/92 14:51 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:146
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