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COLONIAL INTERMEDIATE HIGH INCOME FUND REPORTS FOURTH QUARTER EARNINGS

COLONIAL INTERMEDIATE HIGH INCOME FUND REPORTS FOURTH QUARTER EARNINGS
    BOSTON, Nov. 22 /PRNewswire/ -- Colonial Intermediate High Income Fund (NYSE: CMK) a closed-end investment company, today released earnings and dividends for the third quarter ended and fiscal year to date through Oct. 31, 1991.  The results, as compared to the same periods from the prior fiscal year, are as follows:
                  FOURTH QUARTER ENDED OCT. 31, 1991
                                         Aggregate       Per Share
                                          (000's)
    Net investment income                  $2,641         20 cents
    Dividends                             ($2,590)       (20 cents)
    Net realized and unrealized
     gain (loss)                            3,177         24 cents
    Increase (decrease) in net
     asset value from operations            3,228         24 cents
    Value of shares issued for
     reinvested dividends                     N/A              N/A
    Net asset value:
     Beginning of period                   80,377             6.05
     End of period                        $83,605            $6.29
    Market price at end of the
     period                                   ---           $6.000
                  FOURTH QUARTER ENDING OCT. 31, 1990
                                         Aggregate        Per Share
                                          (000's)
    Net investment income                  $3,067          23 cents
    Dividends                              (3,587)        (27 cents)
    Net realized and unrealized
     gain (loss)                          (24,818)           (1.87)
    Increase (decrease) in net
     asset value from operations          (25,338)           (1.91)
    Value of shares issued for
     reinvested dividends                     N/A              N/A
    Net asset value:
     Beginning of period                   90,210             6.79
     End of period                        $64,872            $4.88
    Market price at end of the
     period                                   ---           $4.375
                 FISCAL YEAR-TO-DATE THROUGH OCT. 31, 1991
                                         Aggregate         Per Share
                                          (000's)
    Net investment income                 $10,601          80 cents
    Dividends                             (10,295)        (78 cents)
    Net realized and unrealized
     gain (loss)                           18,427             1.39
    Increase (decrease) in net
     asset value from operations           18,733             1.41
    Value of shares issued for
     reinvested dividends                     N/A              N/A
    Net asset value:
     Beginning of period                   64,872             4.88
     End of period                        $83,605            $6.29
    Market price at end of the
     period                                   ---           $6.000
                 FISCAL YEAR-TO-DATE THROUGH OCT. 31, 1990
                                         Aggregate          Per Share
                                           (000's)
    Net investment income                 $14,124            $1.06
    Dividends                             (14,757)           (1.12)
    Net realized and unrealized
     gain (loss)                          (43,902)           (3.32)
    Increase (decrease) in net
     asset value from operations          (44,535)           (3.38)
    Value of shares issued for
     reinvested dividends                   1,638              N/A
    Net asset value:
     Beginning of period                  107,769             8.26
     End of period                        $64,872            $4.88
    Market price at end of the
     period                                   ---           $4.375
    -0-                       11/22/91
    /CONTACT:  Jeff Lewis of The Colonial Group, 617-426-3750/
    (CMK) CO:  The Colonial Group ST:  Massachusetts IN:  FIN DD-DH -- NE003 -- 6323 11/22/91 11:06 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 22, 1991
Words:413
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