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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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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 26, 1992
Words:140
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