CRIIMI MAE Declares Preferred Dividend Payment for 2nd Quarter 2005

CRIIMI MAE Declares Preferred Dividend Payment for 2nd Quarter
2005 


ROCKVILLE, Md., May 4  /PRNewswire-FirstCall/ -- CRIIMI MAE Inc. (NYSE:CMM)
today announced that the Board of Directors has declared the second quarter
dividend on its Series B Preferred Stock.  Holders of record of Series B
Preferred Stock on June 17, 2005 will receive $0.68 per share on June 30, 2005.

CRIIMI MAE Inc. is a commercial mortgage company structured as a REIT. CRIIMI
MAE owns and manages a significant portfolio of commercial mortgage- related
assets.

For further information, shareholders and securities brokers should contact
Susan Railey at [phone], e-mail , and news media should contact James
Pastore, Pastore Communications Group LLC, at [phone], e-mail  

DATASOURCE: CRIIMI MAE



CONTACT:  For shareholders and securities brokers: Susan B. Railey of

CRIIMI MAE Inc., [phone]; or for news media: James T. Pastore,

[phone], for CRIIMI MAE Inc.



Web site:  http://www.criimimaeinc.com/ 

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