FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 19, 1998
JMB MORTGAGE PARTNERS, LTD. - III
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(Exact name of registrant as specified in its charter)
Illinois 0-16253 36-3346551
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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 PARTNERS, LTD. - III
Chicago, Illinois
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ITEM 5. OTHER EVENTS. The Partnership has reduced all of its mortgage
investments to cash or cash equivalents and has thereby dissolved in
accordance with the terms of its partnership agreement. The Partnership
will make a final liquidating cash distribution to the holders of its
limited partnership interests ("Interests") in the amount of $7.95 per
Interest. The Partnership will wind up its affairs effective November 30,
1998.
ITEM 8. CHANGE IN FISCAL YEAR. On November 19, 1998, the Partnership
determined to change its fiscal year from a December 31 fiscal year, used
in its most recent filing for the quarter ended September 30, 1998, to the
date of winding up, November 30, 1998. A final form 10-K will be filed
covering this final period within 90 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 PARTNERS, LTD. - III
BY: JMB Realty Corporation
Corporate General Partner
By: GAILEN J. HULL
Gailen J. Hull
Senior Vice President and
Principal Accounting Officer
Date: December 1, 1998
