CRI INSURED <CII> TO SET SPECIAL DISTRIBUTION CRI Insured Mortgage Investments Inc said its advisor will recommend a special distribution of 50 cts per share due to the sale of a federally insured first mortgage on Park Meadows I in Madison, Wis., for 4,267,871 dlrs. It said it received a 3,695,465 dlr return of capital and 572,406 dlrs in income on the sale, and the 50 ct distribution would represent a 43.294 ct return of principal and a 6.706 ct capital gain and would be payable June 30 to holders of record May 31.