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CHAMPS DECLARES THIRD QUARTER DIVIDEND OF 13 CENTS PER SHARE

 ROCKVILLE, Md., Aug. 19 /PRNewswire/ -- The board of directors of Capital Housing and Mortgage Partners, Inc. (CHAMPS) (AMEX: CAP), today declared a dividend of 13 cents per share for the three-month period June 1 through Aug. 31, 1993. This dividend will be paid on Sept. 30, 1993, to shareholders of record on Aug. 31, 1993. CHAMPS will begin trading ex-dividend on Aug. 25, 1993.
 CHAMPS is a finite-life real estate investment trust which invested in government-insured mortgage loans, mortgage-backed securities, and participating mortgage investments.
 -0- 8/19/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for CHAMPS/
 (CAP)


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

TW-DC -- DC013 -- 4273 08/19/93 11:08 EDT
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Publication:PR Newswire
Date:Aug 19, 1993
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