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MELLON PARTICIPATING MORTGAGE TRUST

 /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, July 12 /PRNewswire/ -- Mellon Participating Mortgage Trust, Commercial Properties Series 85/10 (the "trust") (NASDAQ: MPMTS), today announced a second quarter dividend of $.14 per share for the quarter ended June 30, l993.
 The dividend is payable Aug. 17, l993, to shareholders of record at the close of business on July 30, l993.
 Consistent with prior years, the trust intends to distribute approximately 85 percent of its total l993 dividends during the first three quarters. Accordingly, the fourth quarter dividends, (the next to be declared in January l994), have historically 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- 7/12/93
 /CONTACT: Brian Zywiciel of Mellon/McMahan Real Estate Advisors, 415-433-7770/
 (MEL MPMTS)


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


CD -- PG009 -- 0575 07/12/93 16:37 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 12, 1993
Words:263
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