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CRIIMI MAE DECLARES 28 CENTS PER SHARE FOR SECOND QUARTER DIVIDEND

 ROCKVILLE, Md., June 8 /PRNewswire/ -- CRI Insured Mortgage Association, Inc. (CRIIMI MAE) (NYSE: CMM), the largest multifamily mortgage REIT, announced today that the board of directors declared a second quarter 1993 dividend in the amount of 28 cents per share. This 28 cents per share will be paid on June 30, 1993, to holders of record on June 18, 1993. CRIIMI MAE stock will begin trading ex-dividend on June 14, 1993.
 CRIIMI MAE's adviser is an affiliate of CRI, Inc., the real estate investment firm based in the Washington area.
 -0- 6/8/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for CRIIMI MAE/
 (CMM)


CO: CRI Insured Mortgage Association, Inc. ST: Maryland IN: FIN SU: DIV

TW-KD -- DC015 -- 6491 06/08/93 11:06 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
Words:130
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