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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A
Amendment No. 1
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended: June 30, 1997
Commission File Number: 333-8869
Kenmar Global Trust
(Exact name of registrant as specified in its charter)
DELAWARE 06-6429854
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Two American Lane, P.O. Box 5150, Greenwich, Connecticut 06831-8150
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (203) 861-1000
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes ___ No X__
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KENMAR GLOBAL TRUST
STATEMENT OF CASH FLOWS
For the Six Months Ended June 30, 1997
(Unaudited)
<TABLE>
<S> <C>
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net (loss) $ (195,038)
Adjustments to reconcile net (loss) to net
cash (for) operating activities:
Net change in unrealized (28,959)
Increase in accounts payable and accrued expenses 93,203
Net option premiums received 32,861
Net cash (for) operating activities (97,933)
CASH FLOWS FROM FINANCING ACTIVITIES
Addition of units 8,470,000
Net increase in cash 8,372,067
CASH
Beginning - December 31, 1996 2,000
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Ending - June 30, 1997 $ 8,374,067
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</TABLE>
See accompanying notes.
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PART II - OTHER INFORMATION
ITEM 2. CHANGES IN SECURITIES.
On December 17, 1996, the Trust commenced offering Units in a public offering
under the Securities Act of 1933. The Trust commenced trading operations on
May 22, 1997. Units are offered at Net Asset Value as of the last day of each
month. The minimum investment is 50 Units (or, if less, $5,000), except for (i)
trustees or custodians of eligible employee benefit plans and individual
retirement accounts and (ii) Unitholders subscribing for additional Units,
where the minimum investment is 20 Units (or, if less, $2,000). Investments in
excess of these minimums are permitted in $100 increments.
During the second quarter of 1997, 84,960.4163 Units were sold for a total of
$8,472,000.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
A. EXHIBITS.
Financial Data Schedule.
B. REPORTS ON FORM 8-K.
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
KENMAR GLOBAL TRUST
By: Kenmar Advisory Corp., managing owner
Dated: August 18, 1997 By: /s/ Robert L. Cruikshank
------------------------
Robert L. Cruikshank
Executive Vice President
(Duly Authorized Officer
of Kenmar)
Dated: August 18, 1997 By: /s/ Thomas J. DiVuolo
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Thomas J. DiVuolo
Senior Vice President
(Principal Financial and Accounting
Officer of the Registrant)
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