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JHM MORTGAGE SECURITIES L.P. ANNOUNCES SECOND QUARTER 1993 DISTRIBUTION

 MCLEAN, Va., June 17 /PRNewswire/ -- JHM Mortgage Securities L.P. (NYSE: JHM) today declared a distribution of 21 cents per unit for the quarter ended June 30, 1993, payable on July 8, 1993, to unitholders of record June 30, 1993. The company estimated that taxable income to unitholders for the quarter will be 25 cents per unit, although it anticipates that second quarter income computed under generally accepted accounting principles (GAAP) will likely be less than the dividend. The partnership's quarterly taxable income and GAAP income have historically varied due to differing accounting methodologies.
 JHM Mortgage Securities L.P. is a publicly traded partnership whose objective is to provide high quarterly income through the management of mortgage-related assets. The second quarter of 1993 represents the 16th consecutive quarter in which JHM's distributions have equaled or exceeded its target annualized yield of 2 percent to 3 percent over the weekly average yield on 10-Year U.S. Treasury bonds. The partnership is managed by JHM Mortgage Capital Corporation and is affiliated with The JHM Group of McLean.
 -0- 6/17/93
 /CONTACT: Stephen P. Gavula or C. Thomas Williamson III of JHM Mortgage Securities L.P., 703-883-2900/
 (JHM)


CO: JHM Mortgage Securities L.P. ST: Virginia IN: FIN SU: DIV

MH-PB -- DC006 -- 2935 06/17/93 09:11 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:217
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