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CHAMPS PROXY STATEMENT OUTLINING PLAN OF LIQUIDATION AND DISSOLUTION IS DECLARED EFFECTIVE

 ROCKVILLE, Md., Nov. 29 /PRNewswire/ -- Capital Housing and Mortgage Partners, Inc. (CHAMPS) (AMEX: CHG), said today that the Securities and Exchange Commission has declared effective the previously announced proxy statement outlining a plan to completely liquidate CHAMPS' assets, distribute the liquidation proceeds to shareholders and dissolve the corporation.
 The proxy materials are being mailed today to shareholders of record on Nov. 3, 1993.
 If the shareholders approve the plan at a special meeting of shareholders scheduled to be held on Dec. 22, 1993, CHAMPS is expected to sell or otherwise dispose of its mortgage investments by the end of 1993.
 The board of directors contemplates making a single liquidating distribution to shareholders in January 1994.
 -0- 11/29/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for CHAMPS/
 (CHG)


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

MH-DS -- DC015 -- 8242 11/29/93 11:30 EST
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Publication:PR Newswire
Date:Nov 29, 1993
Words:154
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