<PAGE>
FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
<TABLE>
<CAPTION>
<S> <C>
/x/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 1996
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
</TABLE>
For the Transition period from ____________ to ____________
Commission File Number 0-13881
CITY INVESTING COMPANY LIQUIDATING TRUST
(Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
<S> <C>
DELAWARE 13-6859211
(State of organization) (I.R.S. Employer Identification No.)
99 UNIVERSITY PLACE, 7TH FLOOR 10003-4528
NEW YORK, NEW YORK (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 473-1918
</TABLE>
Indicate by check mark whether the registrant ( l ) has filed all reports
required to be filed by Section 13 or l5(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to such filing
requirements for the past 90 days.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Yes X No
---- ----
</TABLE>
At March 31, 1996 there were 38,979,372 Trust Units of Beneficial Interest
outstanding.
<PAGE>
CITY INVESTING COMPANY LIQUIDATING TRUST
EXPLANATORY NOTE
This amendment to the Quarterly Report on Form 10-Q for the quarter ended
March 31, 1996 of City Investing Company Liquidating Trust (the "Trust") is
being filed by the Trust in order to add, to Item 6., Exhibit 27 Financial
Data Schedule. There is also a minor wording change in Item 1.
Legal Proceedings.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
The information contained under Legal Proceedings in the Trust's Annual Report
on Form 10-K for the year ended December 31, 1995 is incorporated by reference
herein. Except as set forth below, there have been no material developments in
such legal proceedings subsequent to the date of that information.
City Investing Company Liquidating Trust v. Continental Casualty Co. On March
27, 1996, the United States Court of Appeals for the Eleventh Circuit reversed
the District Court's holding that the Florida Department of Revenue ("DOR")
claim against General Development Corporation ("GDC") was entitled to priority
under the bankruptcy law. Had that decision been sustained, the Trust has been
advised that the bankrupt estate of GDC retains sufficient assets to satisfy
priority claims and the amount currently held in escrow by fiduciary institu-
tions (approximately $3,608,000) would have been returned to the Trust. If the
DOR claim is not entitled to priority, some part or all of the escrowed amount
will be required to be paid by the escrow agent to the DOR. The Trust is
presently considering whether to seek review of the Eleventh Circuit decision
by the United States Supreme Court.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits:
Exhibit 27 Financial Data Schedule.
(b) Reports on Form 8-K:
The Registrant was not required to file a Current Report on Form 8-K during
the quarter ended March 31, 1996.
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.
CITY INVESTING COMPANY LIQUIDATING TRUST
Date: May 1, 1996 By: LESTER J. MANTELL
Trustee
- 1 -
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Financial Statements contained in Item 1 of Form 10-Q for the period
ended March 31, 1996 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 374
<SECURITIES> 54,227
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 64,382
<CURRENT-LIABILITIES> 235
<BONDS> 0
<COMMON> 0
0
0
<OTHER-SE> 64,147
<TOTAL-LIABILITY-AND-EQUITY> 64,382
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,590
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,590
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
