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MORTGAGE AND REALTY TRUST MAKES ADDITIONAL PAYMENT TO CREDITORS

 MORTGAGE AND REALTY TRUST MAKES ADDITIONAL PAYMENT TO CREDITORS
 ELKINS PARK, Pa., Jan. 3 /PRNewswire/ -- Mortgage and Realty Trust (NYSE: MRT) announced today that it made an additional $21 million payment to creditors, which reduced debt outstanding to $329 million.
 On Dec. 18, 1991, the trust had made a payment which reduced debt to $350 million, the maximum debt level permitted at Dec. 31, 1991, under its plan of reorganization. This level reflected the use of a deferral option of $10 million. Today's payment includes the full repayment of the $10 million deferral.
 Mortgage and Realty Trust is a self-administered real estate investment trust with common shares traded on the New York Stock Exchange under the symbol "MRT."
 /delval/
 -0- 1/3/92
 /CONTACT: C.W. Strong Jr., president of Mortgage and Realty Trust, 818-953-7700/
 (MRT) CO: Mortgage and Realty Trust ST: Pennsylvania IN: FIN SU:


KA-MP -- PH005 -- 6411 01/03/92 09:50 EST
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Publication:PR Newswire
Date:Jan 3, 1992
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