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MELLON PARTICIPATING MORTGAGE TRUST DECLARES THIRD QUARTER DIVIDEND OF 14 CENTS PER SHARE

 /NOTE TO EDITORS: Mellon/McMahan Real Estate Advisors, Inc., a subsidiary of Mellon Bank Corporation (NYSE: MEL), is the trust's advisor. The trust's assets are not assets of Mellon Bank Corporation and the trust's financial results are not included in the financial results of Mellon Bank Corporation./
 SAN FRANCISCO, Oct. 12 /PRNewswire/ -- Mellon Participating Mortgage Trust, Commercial Properties Series 85/10 (the "trust") (NASDAQ: MPMTS), today announced a third quarter dividend of 14 cents per share for the quarter ended Sept. 30, 1993.
 The dividend is payable Nov. 17, 1993, to shareholders of record at the close of business on Oct. 29, 1993.
 Consistent with prior years, the trust intends to distribute approximately 85 percent of its total 1993 dividends during the first three quarters. Accordingly, the fourth quarter dividend (the next to be declared in January 1994), historically has been less than the preceding three quarters.
 The trust, which is finite-life, intends to make no further real estate investments, but will distribute to shareholders the net proceeds of each liquidating transaction, subject to any reserve requirements.
 Mellon Participating Mortgage Trust, Commercial Properties Series 85/10, is a finite-life real estate investment trust, fully invested in participating, shared appreciation, convertible and fixed-rate mortgages and joint venture financing secured by retail, industrial and office/warehouse facilities located throughout the United States.
 -0- 10/12/93
 /CONTACT: Brian Zywiciel of Mellon/McMahan Real Estate Advisors, 415-433-7770/
 (MEL MPMT)


CO: Mellon/McMahan Real Estate Advisors, Inc.; Mellon Bank Corporation;
 Mellon Participating Mortgage Trust ST: California, Pennsylvania IN: FIN SU: DIV


CD -- PG002 -- 1259 10/12/93 16:05 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 12, 1993
Words:266
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