SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 29, 1998
America First Mortgage Investments, Inc.
-----------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Maryland 1-13991
------------------ ----------------------
(State of Formation) (Commission File Number)
13-3974868
----------
(IRS Employer Identification Number)
399 Park Avenue
New York, New York 10022
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(212) 935-8760
-------------------------------------------
(Registrant's telephone number, including area code)
Not applicable
------------------------------
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets. On July 29, 1998, America First
Mortgage Investments, Inc. (the "Registrant") acquired a Federal National
Mortgage Association whole-pool mortgage-backed certificate with an aggregate
original principal balance of $33,154,488 ("FNMA Certificate") from
an affiliate of First Union Capital Markets. The FNMA Certificate bears
interest at 5.77% per annum. The total purchase price paid for the FNMA
Certificate, including accrued interest, was approximately $33.7 million. The
acquisition was financed through the issuance of a LIBOR-based reverse
repurchase agreement with affiliates of First Union Capital Markets. There is
no relationship between First Union Capital Markets or its affiliates, on one
hand, and the Registrant or any of its affiliates, directors or officers or
any associate of any of its directors or officers on the other hand.
<PAGE> - 2 -
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICA FIRST MORTGAGE INVESTMENTS, INC.
By /s/ Stewart Zimmerman
-----------------------------------------------
Stewart Zimmerman, President and Chief Executive
Officer
August 03, 1998
<PAGE> - 3 -
