SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
Commission File Number__________
NOTIFICATION OF LATE FILING
(Check One): G Form 10-K G Form 11-K G Form 20-F : Form 10-Q G Form N-SAR
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For Period Ended: March 31, 1996
Transition Report on Form 10-K Transition Report on Form 10-Q
Transition Report on Form 20-F Transition Report on Form N-SAR
Transition Report on Form 11-K
For the Transition Period Ended: _____________________________________
Read attached instruction sheet before preparing form. Please print or type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
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Part I -- Registrant Information
Full name of registrant Citizens Utilities Trust
Former name if applicable
Address of principal executive office (Street and Number)
c/o Citizens Utilities Company, High Ridge Road
City, State and Zip Code Stamford, Connecticut 06905
PART II -- Rule 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box)
(a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the 15th calendar day following the prescribed due date;
or the subject quarterly report or transition report on Form 10-Q, or
portion thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
G (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has
been attached if applicable.
Part III -- Narrative
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR, or the transition report or portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
The Registrant is unable to file its Quarterly Report on Form 10-Q for
the quarter ended March 31, 1996 on the due date for such report because the
registrant believes that it is exempt from such filing in accordance with
Staff Accounting Bulletin No. 53 and is awaiting confirmation of such belief.
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PART IV -- Other Information
(1) Name and telephone number of person to contact in regard to
this notification
Jonathan H. Churchill (212) 838-5600
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file under such report(s) been filed? If the answer
is no, identify report(s).
X Yes No
(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
Yes X No
If so: attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
CITIZENS UTILITIES TRUST
(Name of registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date _________________________ By ______________________________
Robert J. DeSantis
Vice President
