UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
(X) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1999
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 333-11625
CAPITAL ALLIANCE INCOME TRUST LTD.,
A REAL ESTATE INVESTMENT TRUST
(Exact name of registrant as specified in its charter)
Delaware 94-3240473
- -------------------------------------------- -------------------
(State or other Jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
50 California Street
Suite 2020
San Francisco, California 94111
- -------------------------------------------- --------------
(Address of principal executive office) (zip code)
(415) 288-9575
-------------------------------------------------------------------
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
- ------------------- -----------------------------------------
Common Stock $0.01 par value American Stock Exchange
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 X No .
-------- ------
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K (P. 229.405 of this chapter) is not contained herein, and will
not be contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [ ].
As of March 31, 2000, the aggregate market value of the Registrant's shares of
Common Stock, $.001 par value, held by nonaffiliates of the registrant was
approximately $4,454,200. At that date 1,484,740 shares were outstanding. The
shares are listed and publicly traded on the American Stock Exchange.
<PAGE>
TABLE OF CONTENTS
PART I .....................................................................5
ITEM 1. BUSINESS ...................................................... 5
General ................................................... 5
MORTGAGE INVESTMENT BUSINESS ..................................... 5
General ...................................................5
Mortgage Loan Portfolio .................................. 5
Financing .......................................... 6
MORTGAGE CONDUIT BUSINESS .......................................... 6
General ................................................... 6
Marketing and Production .................................. 7
Underwriting ........................................... 9
Whole Loan Sales........................................... 9
WAREHOUSE LENDING BUSINESS......................................... 10
HEDGING ........................................................... 10
SERVICING ........................................................ 11
Servicing Portfolio ................................. 11
Geographical Distribution..................................12
Interest ..................................................12
Maturity ..................................................12
Delinquencies ......................................... 13
REGULATION .........................................................13
COMPETITION ..................................................... 14
EMPLOYEES ...................................................... 14
ITEM 2. PROPERTIES .................................................. 14
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(D) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, hereunto duly authorized.
Capital Alliance Income Trust, Ltd.
Dated: April 10, 2000 A Real Estate Investment Trust
By: s/s Thomas B. Swartz
---------------------------
Thomas B. Swartz
Chairman and Chief
Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934,
this Report has been signed by the following persons on behalf of the Registrant
and in the capacities and on the dates indicated.
/s/ Thomas B. Swartz Dated: April 10, 2000
- --------------------------------------------
Thomas B. Swartz
Chairman and Chief Executive Officer
(Principal Executive Officer)
s/s Richard J. Wrensen Dated: April 10, 2000
- --------------------------------------------
Richard J. Wrensen
Chief Financial Officer and Director
(Principal Financial and Accounting Officer)
/s/ Dennis R. Konczal Dated: April 10, 2000
- --------------------------------------------
Dennis R. Konczal
President and Director
/s/ Stanley C. Brooks Dated: April 10, 2000
- --------------------------------------------
Stanley C. Brooks
Director
/s/ Harvey Blomberg Dated: April 10, 2000
- --------------------------------------------
Harvey Blomberg
Director
