American Church Mortgage Company Declares First Quarter Dividend

MINNETONKA, Minn., May. 13 /PRNewswire/ --

MINNETONKA, Minn., May 13 /PRNewswire-FirstCall/ -- AMERICAN CHURCH MORTGAGE COMPANY , Minnetonka, Minnesota, announced the declaration by its Board of Directors of a shareholder dividend for its first quarter ended March 31, 2008 of $.10 per share, representing an annualized dividend yield of 4.00%.

The dividend was paid on April 30, 2008 to shareholders of record as of March 31, 2008. Net operating income for the first quarter was $261,858, versus $418,528 for the first quarter of 2007. The Company operates as a real estate investment trust and revenues of the Company are derived primarily from interest income earned from loans to churches and other non-profit religious organizations.

Information concerning ACMC is available on its website, http://www.church-loans.net or by calling (800) 815-1175 extension 124.