DALLAS, June 2, 1999 (PRIMEZONE) -- The Board of Trustees of Continental Mortgage and Equity Trust (NASDAQ: CMETS) Wednesday announced the payment of a second quarter dividend of 15 cents per share. The distribution will be payable June 30, 1999, to shareholders of record on June 14, 1999.
The 15 cents per share dividend represents the 26th consecutive quarterly distribution for CMET.
Continental Mortgage and Equity Trust, a real estate investment trust, invests in real estate nationwide, as well as in mortgage loans on real estate.