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RAC MORTGAGE INVESTMENT CORPORATION ANNOUNCES NOVEMBER DIVIDEND

 RAC MORTGAGE INVESTMENT CORPORATION ANNOUNCES NOVEMBER DIVIDEND
 COLUMBIA, Md., Nov. 20 /PRNewswire/ -- RAC Mortgage Investment Corp. (NYSE: RMR) today announced a monthly dividend for November of $.14 per share.
 The November dividend will be paid on Dec. 18, 1991, to holders of record on Dec. 11. The ex-dividend trade date is Dec. 5.
 "Commitments to purchase mortgage loans were at record levels in October and total purchases of participations in mortgage warehouse lines of credit now exceed $57 million," said Thomas H. Potts, president. "We continue to feel positive about the outlook for future earnings and dividends levels."
 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- 11/20/91 R
 /CONTACT: Sylvia R. Gillan of RAC Mortgage Investment, 301-730-6851/
 (RMR) CO: RAC Mortgage Investment Corporation ST: Maryland IN: FIN SU: DIV


KA-MP -- PH006R -- 5288 11/20/91 09:26 EST
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Publication:PR Newswire
Date:Nov 20, 1991
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