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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 1, 1996
BRT REALTY TRUST
(Exact name of registrant as specified in charter)
Massachusetts I-7172 13-2755856
(State or other (Commission File No.) (IRS Employer I.D.
No.)
jurisdiction of
incorporation)
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (516) 466-3100
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Item 5. Other Events
Registrant announced on July 2, 1996 that its Board of
Trustees has authorized the purchase from time to time over the
facilities of the New York Stock Exchange, or in private
transactions up to 250,000 shares of Beneficial Interest
of the Registrant. The Registrant obtained the necessary
approval from the institutions which are parties to its restated
credit agreement to engage in this purchase program.
On July 1, 1996 the Registrant received notice from Gould
Investors L.P. ("Gould"), the sole shareholder of its outstanding
preferred stock, that Gould has elected to convert the 1,030,000
shares of preferred stock held by it, in accordance with the
Trust's governing instruments, into 1,030,000 shares of
Beneficial Interest. As a result of the conversion, Registrant
has 8,737,324 shares of Beneficial Interest outstanding.
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.
BRT REALTY TRUST
Date: July 2, 1996 By: Simeon Brinberg
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Simeon Brinberg
Senior Vice President
