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RESORT INCOME INVESTORS INC. ANNOUNCES FOURTH QUARTER DISTRIBUTION

RESORT INCOME INVESTORS INC. ANNOUNCES FOURTH QUARTER DISTRIBUTION
 LOS ANGELES, Dec. 16 /PRNewswire/ -- Resort Income Investors Inc. (AMEX: RII) today announced the declaration of its fourth quarter distribution of $0.375 per share. The distribution is payable on Jan. 30, 1992 to shareholders of record on Dec. 27, 1991. RII's earnings for the fourth quarter of 1991 are currently estimated to be 25 cents per share.
 The company operates as a real estate investment trust ("REIT") under the provisions of the Internal Revenue Code. As such, it is required to distribute to shareholders at least 95 percent of its taxable income each year to continue to qualify as a REIT.
 Resort Income Investors Inc. is a Los Angeles-based REIT. RII is a lender specializing in resort and gaming developments. The investment manager, which is an affiliate of Hemmeter Partners, is responsible for reviewing investment options and making investment recommendations to the RII board of directors.
 Hemmeter Partners is an entity founded and headed by Christopher B. Hemmeter, a recognized leader in the development of luxury destination resorts. Previous developments of the Hemmeter Organization include the Hyatt Regency at Waikiki at Hemmeter Center in Honolulu, the Hyatt Regency Maui, the Westin Kauai at Kauai Lagoons, the Westin Maui and the Hyatt Regency Waikoloa on the Big Island of Hawaii.
 -0- 12/16/91
 /CONTACT: Greg Hooper of Resort Income Investors, 310-557-1359; or Gary Maier of Erickson Consulting Group, 310-829-4601, for Resort Income Investors/
 (RII) CO: Resort Income Investors Inc. ST: California IN: FIN SU: DIV


KJ -- LA008 -- 2533 12/16/91 12:50 EST
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Publication:PR Newswire
Date:Dec 16, 1991
Words:263
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