RAC INCOME FUND DECLARES DECEMBER DIVIDEND
RAC INCOME FUND DECLARES DECEMBER DIVIDEND COLUMBIA, Md., Dec. 4 /PRNewswire/ -- RAC Income Fund, Inc.
(NYSE: RMR) today announced a monthly dividend of $0.105 per share to holders of record on Dec. 20, 1991, payable on Dec. 31.
The ex-dividend trade date is Dec. 16, 1991. RAC Income Fund, a closed-end investment fund, primarily invests in fixed-income mortgage-backed securities that are rated AAA or AA by a nationally recognized agency, or are issued or guaranteed by the U.S. government, its agencies or instrumentalities. The fund's goal is to distribute monthly income that is 150 to 200 basis points greater than the rate obtainable from U.S. Treasury securities, having the same maturity as the expected average life of the fund's investments. -0- 12/4/91 /CONTACT: Sylvia Gillan of RAC Income Fund, 301-730-6851/ (RMR) CO: RAC Income Fund, Inc. ST: Maryland IN: FIN SU: DIV
MK-CC -- PH013 -- 9152 12/04/91 11:24 EST
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|Date:||Dec 4, 1991|
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