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
November 29, 1999
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Date of Report (Date of Earliest Event Reported)
Petrie Stores Liquidating Trust
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(Exact Name of Registrant as Specified in Charter)
New York 0-3777 22-6679945
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
201 Route 17
Suite 300
Rutherford, New Jersey 07070
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(Address of Principal Executive Offices and Zip Code)
(201) 635-9637
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On November 29, 1999, Petrie Stores Liquidating Trust (the
"Liquidating Trust") and Canadian Imperial Bank of Commerce ("CIBC")
terminated the Master Agreement, dated as of November 19, 1997, between the
Liquidating Trust and CIBC (the "Master Agreement"), prior to the Master
Agreement's scheduled termination date of December 3, 1999. In connection
with the termination, the Liquidating Trust delivered to CIBC the 2,000,000
shares of Toys "R" Us, Inc. common stock which were subject to the Master
Agreement in exchange for a cash payment of approximately $61.4 million.
The Liquidating Trust had entered into the Master Agreement in order to
protect the Liquidating Trust against certain investment risks associated
with holding 2,000,000 shares of Toys "R" Us, Inc. common stock.
After giving effect to the termination of the Master Agreement,
the Liquidating Trust holds a total of 1,688,576 shares of Toys "R" Us, Inc.
common stock.
SIGNATURE
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 hereunto duly authorized.
Date: December 1, 1999
PETRIE STORES LIQUIDATING TRUST
By: /s/ Stephanie R. Joseph
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Stephanie R. Joseph
Manager and Chief Executive Officer
