EXHIBIT 99.1 Contact: Susan B. Railey FOR IMMEDIATE RELEASE (301) 468-3120 Sharon Bramell (301) 468-3130 AIM 84 DECLARES SECOND QUARTER 2003 DISTRIBUTION OF TWO CENTS PER UNIT ------------------------ ROCKVILLE, MD, June 20, 2003- - (AMEX/AIA) The general partner of American Insured Mortgage Investors (AIM 84) today declared a distribution for the quarter ended June 2003 in the amount of two cents per unit regular cash flow. The distribution will be paid on August 1, 2003 to holders of record on June 30, 2003.