CV REIT DECLARES QUARTERLY CASH DIVIDEND
CV REIT DECLARES QUARTERLY CASH DIVIDEND WEST PALM BEACH, Fla., Feb. 26 /PRNewswire/ -- The board of
directors of CV Reit Inc. (NYSE: CVI), a real estate investment trust, has declared a quarterly cash dividend of 20 cents per share payable April 7, 1992, to shareholders of record on March 13, 1992.
The company in 1991 declared three quarterly cash dividends of 25 cents each. Alvin Wilensky, president, pointed out that the company's bank debt dropped to $19 million at Dec. 31, 1991, from $67 million a year earlier. "The company's earnings are impacted by the substantial reduction in the prime lending rate, resulting in lower net interest income," he said. -0- 2/26/92 /CONTACT: Alvin Wilensky of CV Reit, 407-640-3155/ (CVI) CO: CV Reit, Inc. ST: Florida IN: SU: DIV SM-SB -- NY069 -- 2917 02/26/92 15:32 EST
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|Date:||Feb 26, 1992|
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