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): June 6, 1997
JMB MORTGAGE PTNRS, LTD LIQUIDATING TRUST *
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(Exact name of registrant as specified in its charter)
Illinois 2-79095 36-3198533
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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 Mortgage Ptnrs, Ltd Liquidating Trust is the transferee of the
remaining funds of JMB Mortgage Partners, Ltd. and files reports under JMB
Mortgage Partners, Ltd.'s Commission File Number.
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ITEM 5. OTHER EVENTS
JMB Mortgage Ptnrs, Ltd 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.
On June 6, 1997, the Registrant commenced proceedings to determine a
final liquidating cash distribution to be effective as of June 12, 1997,
and initiated dissolution proceedings under the terms of the Trust
Agreement.
ITEM 8. CHANGE IN FISCAL YEAR
On June 6, 1997, the Registrant changed its fiscal year to June 12,
1997, the date of dissolution, from a December 31 fiscal year used in the
most recent filing by its predecessor, JMB Mortgage Partners, Ltd. A final
Form 10-K will be filed covering this final period within ninety days of
such date.
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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 MORTGAGE PTNRS, LTD LIQUIDATING TRUST
By: GAILEN J. HULL
Gailen J. Hull
Senior Vice President and
Principal Accounting Officer
Date: June 18, 1997
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JMB MORTGAGE PTNRS, LTD LIQUIDATING TRUST
900 North Michigan Avenue
Chicago, Illinois 60611
312/915-1987
June 12, 1997
Dear Investor:
Enclosed is your final cash distribution check in the amount of $6.26 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 $6 per original $1,000 Interest. As previously reported, in
November 1996, JMB Mortgage Partners, Ltd. sold its last remaining real
estate asset, the Spring Hill Fashion Center. 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 May 13, 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 $.10 per Interest and portfolio deductions of approximately
$1.75 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 MORTGAGE PTNRS, LTD
LIQUIDATING TRUST
