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MELLON PARTICIPATING MORTGAGE TRUST DECLARES QUARTERLY DIVIDEND

 MELLON PARTICIPATING MORTGAGE TRUST DECLARES QUARTERLY DIVIDEND
 /EDITORS: Mellon/McMahan Real Estate Advisors, Inc., a wholly-owned subsidiary of Mellon Bank, N.A., acts as the investment advisor to Mellon Participating Mortgage Trust. The trust's assets are not assets of Mellon Bank Corporation (NYSE: MEL) and the trust's financial results are not included in the financial results of Mellon Bank Corporation./
 SAN FRANCISCO, Oct. 14 /PRNewswire/ -- The Trustees of Mellon Participating Mortgage Trust, Commercial Properties Series 85/10 (NASDAQ: MPMTS) today announced a third quarter dividend of 14 cents per share for the quarter ended Sept. 30, 1992. The dividend, which is equal to the 1991 third quarter dividend, is payable Nov. 13, 1992, to shareholders of record at the close of business on Oct. 30, 1992.
 The trust pays quarterly cash dividends to shareholders that will total at least 95 percent of its annual taxable income, enabling the trust to qualify as a real estate investment trust. For the calendar year 1991, the trust declared cash dividends of 57 cents per share.
 Mellon Participating Mortgage Trust is a fully invested finite-life real estate investment trust. The trust intends to make no additional real estate investments. In addition to dividends from income, the trust will distribute to shareholders the net proceeds of each liquidating transaction, subject to any reserve requirements.
 -0- 10/14/92
 /CONTACT: Brian Zywiciel of Mellon/McMahan Real Estate Advisors, Inc., 415-433-7770/
 (MPMT MEL) CO: Mellon/McMahan Real Estate Advisors, Inc.; Mellon Bank, N.A.;
 Mellon Bank Corporation ST: Pennsylvania, California IN: FIN SU: DIV


CD -- PG013 -- 0032 10/14/92 16:01 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
Words:266
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