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VAN KAMPEN MERRITT MUNICIPAL TRUST ANNOUNCES QUARTERLY EARNINGS

 OAKBROOK TERRACE, Ill., April 19 /PRNewswire/ -- Van Kampen Merritt Municipal Trust (NYSE: VKQ), a closed-end investment company which commenced investment operations on Sept. 27, 1991, announced today that its net earnings and net assets for the second quarter ending Feb. 28, 1993 were as follows:
 VAN KAMPEN MERRITT MUNICIPAL TRUST
 Quarter ended Feb. 28 1993 1992
 Net earnings $ 12.9 million $ 12.0 million
 Net earnings available
 to common s/o $ 11.2 million $ 9.6 million
 Net earnings available
 per common share 31.0 cents 26.4 cents
 Net assets $908.6 million $849.5 million
 Fiscal year to date 1993 1992
 Net earnings $25.9 million $16.0 million
 Net earnings available
 to common s/o $22.0 million $13.5 million
 Net earnings available
 per common share 60.6 cents 37.2 cents
 The trust's investment objective is to provide a high level of current income exempt from federal income taxes, consistent with preservation of capital. The trust will invest substantially all of its assets in municipal securities rated investment grade at the time of investment. The trust has issued and outstanding preferred shares with an aggregate liquidation preference of $300 million. The dividend rates of the preferred shares are anticipated to track short-term municipal security yields, although the proceeds of the preferred share offering are generally invested in long-term municipal securities, which typically have higher yields than short-term municipal securities. This capital structure enables the trust pay a potentiality higher yield on the common shares than other similar investment companies without this capital structure. The common shares of the trust are listed on the New York Stock Exchange under the symbol VKQ. A copy of the trust's portfolio as of Feb. 28, 1993 is available upon request.
 Van Kampen Merritt Inc. is the sponsor of the Van Kampen Merritt Municipal Trust. Van Kampen Merritt Inc. has sponsored over $21 billion in tax-free unit investment trusts and manages approximately $19 billion in open-end fund, closed-end fund and institutional assets. Van Kampen Merritt maintains its corporate headquarters in suburban Chicago, principal offices in Philadelphia, New York, Los Angeles, Tampa, London, Paris, and Tokyo, and regional representatives in other major U.S. cities.
 -0- 4/19/93
 /CONTACT: John Sullivan of Van Kampen Merritt Municipal Trust, 708-684-6312/
 (VKQ)


CO: Van Kampen Merritt Municipal Trust ST: Illinois IN: FIN SU: ERN

WB-TS -- NY059 -- 7327 04/19/93 11:12 EDT
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Publication:PR Newswire
Date:Apr 19, 1993
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