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RAC INCOME FUND DECLARES NOVEMBER DIVIDEND

 RAC INCOME FUND DECLARES NOVEMBER DIVIDEND
 COLUMBIA, Md., Nov. 4 /PRNewswire/ -- RAC Income Fund, Inc.


(NYSE: RMF) today announced a monthly dividend of $0.105 per share to holders of record on Nov. 15, 1991, payable on Nov. 29.
 The ex-dividend trade date is Nov. 8, 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- 11/4/91
 /CONTACT: Sylvia Gillan of RAC Income Fund, 301-730-6851/
 (RMF) CO: RAC Income Fund, Inc. ST: Maryland IN: FIN SU: DIV LJ-MP -- PH002 -- 0576 11/04/91 08:49 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1991
Words:156
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