AEGIS announces 2nd Qtr. dividend

Real Estate Weekly, June 28, 2000

The Broad of Directors of Aegis Realty, Inc. has declared a dividend of $0.24 per share for the second quarter of 2000, payable on Aug. 14, to shareholders of record June 30.

Aegis Realty's present quarterly dividend on an annualized basis is $0.96 per share, representing a 9.5 percent yield on the $10 1/16-per-share closing price on June 14.

Aegis Realty, a geo-graphically diversified real estate investment trust, has property holdings in 15 states. The Company's current portfolio includes direct or indirect interests in 28 neighborhood shopping centers, two garden apartment complexes and one participating Federal Housing Administration (FHA) co-insured mortgage loan. Aegis Realty is currently seeking retail acquisitions throughout the continental United States.