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
January 21, 2000
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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 January 21, 2000, Petrie Stores Liquidating Trust (the
"Liquidating Trust") announced that it will make a distribution on February
11, 2000 to the holders of its units of beneficial interest of a total of
$78,525,357 in cash and its remaining 1,688,576 shares of Toys "R" Us, Inc.
common stock. In the distribution, unit holders will receive $1.50 in cash
and approximately 0.03225536 of a share of Toys "R" Us common stock for
each unit of beneficial interest held of record at the close of business on
January 31, 2000. After giving effect to the distribution, the Liquidating
Trust will hold approximately $120.7 million in cash and cash equivalents
and no shares of Toys "R" Us common stock.
The text of the press release announcing the distribution is
filed as Exhibit 99.1 to this Current Report and is incorporated herein by
reference.
Item 7. Financial Statements, Pro forma Financial Information and Exhibits.
(c) Exhibits.
99.1 Press Release, dated January 21, 2000, of the
Liquidating Trust.
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: January 21, 2000
PETRIE STORES LIQUIDATING TRUST
By: /s/ Stephanie R. Joseph
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Stephanie R. Joseph
Manager and Chief Executive Officer
EXHIBIT INDEX
Exhibit Description
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99.1 Press Release, dated January 21, 2000, of the Liquidating Trust.
FOR IMMEDIATE RELEASE
Contact: John Franklin
(212) 484-7693
PETRIE STORES LIQUIDATING TRUST APPROVES DISTRIBUTION
OF CASH AND SHARES OF TOYS "R" US, INC.
Rutherford, New Jersey, January 21, 2000 -- Petrie Stores
Liquidating Trust (OTC Bulletin Board: PSTLS) announced today that it will
make a distribution on February 11, 2000 to its unit holders of an
aggregate of $78,525,357 in cash and 1,688,576 shares of Toys "R" Us, Inc.
common stock held by the Liquidating Trust. In the distribution, holders of
units of beneficial interest of the Liquidating Trust will receive $1.50 in
cash and approximately 0.03225536 of a share of Toys "R" Us common stock
for every unit of beneficial interest of Petrie Stores Liquidating Trust
held of record as of the close of business on January 31, 2000. Unit
holders who would otherwise be entitled to receive fractional shares of
Toys "R" Us common stock in the distribution will receive cash in lieu of
such fractional shares. Following the distribution, the Liquidating Trust
will hold approximately $120.7 million in cash and cash equivalents and
will no longer hold any shares of Toys "R" Us common stock. The trustees of
the Liquidating Trust will consider additional distributions to unit
holders when the status of the Liquidating Trust's remaining contingent
liabilities is further clarified.
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