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INVG MORTGAGE SECURITIES CORP. DECLARES DISTRIBUTION

 INVG MORTGAGE SECURITIES CORP. DECLARES DISTRIBUTION
 SAN FRANCISCO, March 11 /PRNewswire/ -- INVG Mortgage Securities corp. (NASDAQ: INVG), a holding company of issuers of collateralized mortgage obligations, reported that its board of directors declared a distribution of $.10 per share, payable April 14, 1992, to shareholders of record March 31, 1992. The company is maintaining a healthy cash reserve after having successfully repurchased for $1,158,375 the remaining one-half of the company's Outstanding Series A Preferred Stock, which has an approximate redemption value of $4,045,200.
 As previously reported, because of the effect of the company's net operating loss carryforwards, this distribution will be treated as a return of capital to the shareholders.
 -0- 3/11/92
 /CONTACT: John Castello of TIS Asset Management Inc., 415-397-8537; or Maury of Healy & Co., 415-546-6166, for INVG Mortgage/
 (INVG) CO: INVG Mortgage Securities Corp. ST: California IN: FIN SU:


JL -- SF013 -- 7569 03/11/92 18:26 EST
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Publication:PR Newswire
Date:Mar 11, 1992
Words:156
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