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): November 7, 1997
JMB INCOME PROP.-IX LIQUIDATING TRUST *
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(Exact name of registrant as specified in its charter)
Illinois 0-12432 36-3126228
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(State or other) (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Organization
900 N. Michigan Avenue, Chicago, Illinois 60611-1575
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(Address of principal executive office)
Registrant's telephone number, including area code: (312) 915-1987
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* JMB Income Prop.-IX Liquidating Trust is the transferee of the remaining
funds of JMB Income Properties, Ltd.-IX and files reports under JMB Income
Properties, Ltd.-IX's Commission File Number.
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ITEM 5. OTHER EVENTS
JMB Income Prop.-IX Liquidating Trust (the "Registrant") is filing the
information below in accordance with the relief from certain reporting
requirements imposed under the Exchange Act granted to the Registrant in a
no-action letter dated April 24, 1997 from the Office of Chief Counsel,
Division of Corporation Finance, of the U.S. Securities and Exchange
Commission.
During October 1997, the Registrant commenced proceedings to determine
a final liquidating cash distribution to be effective as of November 7,
1997, and initiated dissolution proceedings under the terms of the Trust
Agreement.
ITEM 8. CHANGE IN FISCAL YEAR
On November 7, 1997, the Registrant changed its fiscal year to
November 7, 1997, the date of dissolution, from a December 31 fiscal year
used in the most recent filing by its predecessor, JMB Income Properties,
Ltd.-IX. A final Form 10-K will be filed covering this final period within
ninety days of such date.
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JMB INCOME PROPERTIES, LTD.-IX LIQUIDATING TRUST
900 North Michigan Avenue
Chicago, Illinois 60611
312-915-1987
November 7, 1997
Dear Investor:
Enclosed is your final cash distribution check in the amount of $11.02 per
Interest. This distribution takes into account the remaining reserves and
the expenses of terminating the Liquidating Trust. With this distribution,
the Liquidating Trust has no remaining assets and will be terminated. As
you may recall, it was estimated that the liquidating distribution would be
approximately $10 per original $1,000 Interest. As previously reported, in
October 1996, JMB Income Properties, Ltd.-IX sold its last remaining real
estate asset, the Blanchard Plaza Office Building. As a result, we
liquidated the Partnership and established a liquidating trust to pay any
residual liabilities the Partnership may have had, including liability with
respect to the representations and warranties given in conjunction with the
sale of the property. The stipulated survival period for the
representations and warranties ended on October 15, 1997, and no claims for
any of the representations or warranties have been received. A final
report on the Liquidating Trust and the disposition of its assets will be
sent to Investors within the next few weeks.
It is currently expected that each Investor will report portfolio income of
approximately $.50 per Interest and portfolio deductions of approximately
$1.00 per Interest. It is important to note these figures are only
estimates. This information has been provided solely to facilitate your
own tax planning. The actual tax information from the Liquidating Trust as
finally calculated will be furnished to each Investor on a statement in
December 1997 for use in preparing your 1997 income tax returns. The tax
liability of each Investor will depend upon each Investor's own tax
situation.
Please do not hesitate to contact us if you have any questions regarding
your investment in the Liquidating Trust or if we can be of further
assistance.
Very truly yours,
JMB INCOME PROPERTIES, LTD.-IX
LIQUIDATING TRUST
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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.
JMB INCOME PROP.-IX LIQUIDATING TRUST
By: GAILEN J. HULL
Gailen J. Hull
Senior Vice President and
Principal Accounting Officer
Date: November 21, 1997
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