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MONMOUTH CAPITAL ANNOUNCES YEAR-END RESULTS

 MONMOUTH CAPITAL ANNOUNCES YEAR-END RESULTS
 EATONTOWN, N.J., May 22 /PRNewswire/ -- Monmouth Capital Corporation


today announced that its net income for the year ended March 31, 1992, was $81,524, or $.16 a share, as compared to $199,988, or $.39 a share, for the year ended March 31, 1991.
 A summary of significant financial information for the years ended March 31, 1992 and 1991, is as follows:
 MONMOUTH CAPITAL CORPORATION
 Year ended March 31 1992 1991
 Total revenues $485,668 $487,754
 Net income $ 81,524 $199,988
 Average shares outstanding 510,680 510,680
 Income per share $.16 $.39
 At the board of directors meeting held May 21, 1992, the directors of Monmouth Capital Corporation declared a $.16 per share annual dividend payable Dec. 15, 1992, to shareholders of record Nov. 16, 1992.
 Monmouth Capital Corporation is in the process of deregistering as an investment company and ceasing to operate as a small business investment company. The company's assets consist of a seasoned portfolio of secured mortgages.
 The company is located at 125 Wyckoff Road, Eatontown, N.J. The company, which was formed in 1961, had 31 years of profitable existence and has paid dividends for 29 years.
 -0- 5/22/92
 /CONTACT: Mary Anne Dawson of Monmouth Capital, 908-542-4927/ CO: Monmouth Capital Corporation ST: New Jersey IN: FIN SU: ERN


GK-OS -- NY015 -- 3240 05/22/92 10:56 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 22, 1992
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