Here’s another low-end B&W indie from the late 1980s…
Publisher: Fantasy Realities
4 issues (that I know of). 32 pages B&W Magazine sized 8.5x11"
#1 was $1.50, #2-4 were $1.95
No month in these, but they say copyright 1989
Story and art by David Howard.
@‘Masquerade (Fantasy Realities)’ has been added, thank you for reporting.