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CRIIMI MAE DECLARES 27 CENTS PER SHARE FOR THIRD QUARTER DIVIDEND

 CRIIMI MAE DECLARES 27 CENTS PER SHARE FOR
 THIRD QUARTER DIVIDEND
 ROCKVILLE, Md., Sept. 8 /PRNewswire/ -- CRI Insured Mortgage Association, Inc. (NYSE: CMM) (CRIIMI MAE), announced today that the board of directors declared the third quarter 1992 dividend in the amount of 27 cents per share. This 27 cents per share will be paid on Sept. 30, 1992, to shareholders of record on Sept. 18, 1992. CRIIMI MAE stock will begin trading ex-dividend on Sept. 14, 1992.
 CRIIMI MAE, with consolidated assets of approximately $547.6 million as of June 30, 1992, is a real estate investment trust specializing in insured and securitized multifamily mortgage investments on multifamily housing. CRIIMI MAE's adviser is an affiliate of CRI, Inc., the real estate investment firm based in the Washington area.
 -0- 9/8/92
 /CONTACT: James T. Pastore, 301-231-0323, or Susan Bressler- Railey, 301-468-3120, both for CRI Insured Mortgage Association/
 (CMM) CO: CRI Insured Mortgage Association, Inc. ST: Maryland IN: FIN SU: DIV


DC -- DC025 -- 6982 09/08/92 11:48 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
Words:170
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