UNITED STATES
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)September 4,1996(August 30, 1996)
Commission File Number 0-13400
NTS-PROPERTIES V, a Maryland Limited Partnership
(Exact name of registrant as specified in its charter)
Maryland 61-1051452
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
10172 Linn Station Road
Louisville, Kentucky 40223
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code (502) 426-4800
Not Applicable
Former name, former address and former fiscal year,
if changed since last report
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Item 5. Other Items
On August 30, 1996, NTS-Properties V, a Maryland Limited
Partnership (the "Partnership"), funded an additional $50,000 to
its Interest Repurchase Reserve pursuant to Section 16.4 of the
Partnership's Amended and Restated Agreement of Limited
Partnership. Under Section 16.4, limited partners may request the
Partnership to repurchase their respective interests (Units) in
the Partnership. With the August 30, 1996 Interest Repurchase
Reserve funding, the Partnership will be able to repurchase up to
370 Units at a price of $135 per Unit. Units will be repurchased
on a "first-come, first-served" basis until the Interest
Repurchase Reserve is depleted. The first units to be repurchased
will be those previously submitted and not repurchased with the
June 1996 Interest Repurchase Reserve funding. If the number of
Units submitted for repurchase exceeds that which can be
repurchased by the Partnership with the remaining balance of the
current funding, those additional Units may be repurchased in
subsequent quarters. The above offering price per Unit was
established by the General Partner in its sole discretion and does
not purport to represent the fair market value or liquidation
value of the Unit. The General Partner believes that this purchase
price represents a substantial discount from the value of each
Unit. However, there is no guarantee of the amount that limited
partners who choose not to sell their Units will receive upon the
ultimate liquidation of the Partnership.
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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.
NTS-PROPERTIES V, a Maryland
Limited Partnership
(Registrant)
BY: NTS-Properties Associates V
BY: NTS Capital Corporation,
General Partner
/s/ John W. Hampton
John W. Hampton
Senior Vice President
Date: September 4, 1996
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