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RAC MORTGAGE INVESTMENT CORPORATION ANNOUNCES DIVIDEND INCREASE FOR JANUARY

 RAC MORTGAGE INVESTMENT CORPORATION ANNOUNCES
 DIVIDEND INCREASE FOR JANUARY
 COLUMBIA, Md., Dec. 20 /PRNewswire/ -- RAC Mortgage Investment Corporation (NYSE: RMR) today announced an increase in its regular monthly dividend for November to $.15 per share.
 This is an increase from the $.14 dividend for December and represents the company's fifth dividend increase declared since the beginning of the year. The January dividend will be paid on Jan. 31, 1992, to holders of record on Dec. 31, 1991.
 The ex-dividend trade date is Dec. 24, 1991.
 "This dividend increase is indicative of the continued strong performance in the investment portfolio and mortgage purchase program. Earnings for 1991 will be a record," said Thomas H. Potts, president. "We feel the company is well-positioned in the current market environment to continue its strong performance into 1992."
 RAC Mortgage is a publicly held real estate investment trust that purchases and securitizes residential mortgage loans, invests in residential mortgage-related securities and provides funding for mortgage warehouse lines of credit.
 -0- 12/20/91
 /CONTACT: Sylvia R. Gillan of RAC Mortgage Investment, 301-730-6851/
 (RMR) CO: RAC Mortgage Investment Corporation ST: Maryland IN: FIN SU: DIV


MK-CC -- PH012 -- 4301 12/20/91 11:02 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:198
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