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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-27513
FORM 10-KSB CUSIP NUMBER
For Period Ended: June 30, 2000
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
Prime Rate Income & Dividend Enterprises, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
2525 15th Street, #3H
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Address of Principal Executive Office (Street and Number)
Denver, Colorado 80211
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City, State and Zip Code
PART II - RULES 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 box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of 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
[ ] (c) The accountant's statement or other exhibit required by Rule
12b-25 has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Registrant has been unable to finalize its financial statements
pending final computation of income accruals.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Michael L. Schumacher (303) 480-5037
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(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 such
reports) been filed? If 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? [X]Yes [ ]No
Registrant anticipates a change in its results of
operations for the year ending June 30, 2000, as
compared with its year ending June 30, 1999. It is
expected that the current year's net income will
exceed the prior year by approximately 6 to 1.
Presently, it is expected that the estimated net
income for the year ending June 30, 2000 will be
approximately $642,000, as compared to $110,000 for
the prior year. The final determination is subject
to possible audit adjustment which has not been
concluded. The audit is expected to be completed
within the next few days before the extended due date.
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Prime Rate Income & Dividend Enterprises, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Prime Rate Income & Dividend Enterprises, Inc.
By: /s/ Michael L. Schumacher
Michael L. Schumacher, President
Date: September 27, 2000
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]
