Printer Friendly

CRITEF-III PARTNERSHIP DECLARES 13.5 CENTS PER BAC FOR THE MONTH OF JULY

 ROCKVILLE, Md., July 20 /PRNewswire/ -- Capital Realty Investors Tax Exempt Fund III Limited Partnership (CRITEF III) (AMEX: CRL) today declared the distribution for the month of July 1993 in the amount of 13.5 cents per Beneficial Assignee Certificate (BAC). Holders of record on July 31, 1993, will receive the distribution for July as part of the next quarterly distribution which is expected to be paid on Nov. 12, 1993.
 Annualizing the distribution for July would require multiplying this month's total by a factor of 12 months, not four quarters. Record dates for CRITEF III occur at the end of each month; payments are made quarterly. Distributions are paid approximately 45 days after the end of each quarter and include any monthly distributions declared during the quarter.
 CRITEF III began trading on the American Stock Exchange on July 1, 1993.
 CRITEF III, formed in 1987, invested in eight federally tax-exempt mortgage revenue bonds and three working capital loans which were used to finance multifamily housing. The eight underlying multifamily projects are located in seven states.
 -0- 7/20/93
 /CONTACT: James T. Pastore, 301-231-0323, or Kathleen G. Sloan, 301-231-0384, both for CRITEF III/
 (CRL)


CO: Capital Realty Investors Tax Exempt Fund III Limited Partnership ST: Maryland IN: FIN SU: DIV

MH-DC -- DC007 -- 6713 07/20/93 10:46 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 20, 1993
Words:219
Previous Article:CRITEF-I PARTNERSHIP DECLARES 8.3 CENTS PER BAC FOR THE MONTH OF JULY
Next Article:CRITEF-II PARTNERSHIP DECLARES 8.3 CENTS PER BAC FOR THE MONTH OF JULY
Topics:


Related Articles
CRITEF-I PARTNERSHIP DECLARES 8.3 CENTS PER BAC FOR THE MONTH OF JULY
CRITEF-II PARTNERSHIP DECLARES 8.3 CENTS PER BAC FOR THE MONTH OF JULY
CRITEF-III PARTNERSHIP TO PAY 40.62 CENTS PER BAC FOR SECOND QUARTER OF 1993
CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR SEPTEMBER OF 13.69 CENTS PER BAC
CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR OCTOBER OF 13.71 CENTS PER BAC
CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR NOVEMBER OF 13.68 CENTS PER BAC
CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR DECEMBER OF 13.69 CENTS PER BAC
CRITEF-III PARTNERSHIP DECLARES MONTHLY DISTRIBUTION FOR JUNE OF 14 CENTS PER BAC
CRITEF-III PARTNERSHIP REPORTS SECOND QUARTER CASH FLOW FROM OPERATIONS OF 32 CENTS PER BAC; EXPECTS 1994 DISTRIBUTIONS TO TOTAL $1.63 PER BAC
CRITEF-III PARTNERSHIP REPORTS THIRD QUARTER CASH FLOW FROM OPERATIONS OF 28 CENTS PER BAC

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters