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NATIONAL INCOME REALTY TRUST ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS

NATIONAL INCOME REALTY TRUST ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS
 DALLAS, April 21 /PRNewswire/ -- The board of trustees of National Income Realty Trust (NASDAQ: NIRTS) today announced that it will hold a special meeting of shareholders on June 2, 1992.
 Shareholders of record April 24, 1992, are eligible to vote on the proposal to amend section 5.3 of the Declaration of Trust. If approved it would allow National Income Realty Trust to hold the shares of Continental Mortgage and Equity Trust that it currently owns until July 30, 1996.
 The board of trustees believes that the required disposition of the shares at this time would not be beneficial to National Income Realty Trust and that holding the shares as a longer-term investment may allow the trust to realize a greater profit on its investment.
 National Income Realty Trust is a combination mortgage and equity real estate investment trust which operates nationwide.
 -0- 4/21/92
 /CONTACT: Kevin LeBlanc of National Income Realty Trust, 214-692-4800/
 (NIRTS) CO: National Income Realty Trust ST: Texas IN: FIN SU:


AH -- NY075 -- 0676 04/21/92 12:56 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
Words:184
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