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FIRST UNION ANNOUNCES SECOND QUARTER DIVIDEND OF 1992

 FIRST UNION ANNOUNCES SECOND QUARTER DIVIDEND OF 1992
 CLEVELAND, June 3 /PRNewswire/ -- First Union Real Estate Investments (NYSE: FUR) today announced its second quarter 1992 dividend of $0.18 per share. The dividend will be paid July 31, 1992, to shareholders of record June 30, 1992. The yield on the current share market value is nearly 9 percent.
 First Union Real Estate Investments is a self-administered equity real estate investment trust specializing in acquiring and holding real estate for current yield and long term appreciation. Its portfolio is made up of 34 properties in 17 states consisting of shopping malls, office buildings and apartment complexes.
 -0- 6/3/92
 /CONTACT: Thomas T. Kmiecik, treasurer, First Union Real Estate Investments, 216-781-4030.
 (FUR) CO: First Union Real Estate Investments ST: Ohio IN: FIN SU: DIV


BM -- CL007 -- 6296 06/03/92 11:51 EDT
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Publication:PR Newswire
Date:Jun 3, 1992
Words:142
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