ROCKVILLE, Md., Aug. 3 /PRNewswire-FirstCall/ -- CRIIMI MAE Inc. (NYSE:CMM) today announced that its Board of Directors declared the third quarter dividend to holders of its Series B Preferred Stock. The dividend of $0.68 per share is payable on September 30, 2005 to holders of record on September 19, 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 (301) 255-4740, e-mail , and news media should contact James Pastore, Pastore Communications Group LLC, at (202) 546-6451, e-mail DATASOURCE: CRIIMI MAE Inc. CONTACT: For shareholders and securities brokers: Susan B. Railey of CRIIMI MAE Inc., +1-301-255-4740; or for news media: James T. Pastore, +1-202-546-6451, for CRIIMI MAE Inc. Web site: http://www.criimimaeinc.com/

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