No First Quarter Dividend Declared on Income Opportunity Common Stock


DALLAS, February 21, 2002 (PRIMEZONE) -- Income Opportunity Realty Investors, Inc. (AMEX:IOT) Thursday announced that no first quarter dividend will be paid to holders of its common stock.

IOT last paid a dividend in the third quarter of 2000.

Income Opportunity Realty Investors, Inc. is a Dallas-based real estate investment trust. IOT primarily invests in equity interest in real estate through direct ownership and partnerships. For more information, go to the company's Web site at www.incomeopp-realty.com.


            

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