UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 0-14447
Cusip Number:
(Check One): Form 10-K Form 20-F Form 11-K
--- --- ---
X Form 10-Q Form N-SAR
--- ---
For Period Ended: June 30, 1994
--------------------
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
--------------------
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
INVG Mortgage Securities Corp.
- - --------------------------------------------------------------------------
Full Name of Registrant
- - --------------------------------------------------------------------------
Former Name if Applicable
Meadow Wood Crown Plaza 1575 Delucchi Lane, Suite 115-20
- - --------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Reno, Nevada 89502
- - --------------------------------------------------------------------------
City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check if appropriate) X
-----
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense.
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report of
transition report on Form 10-Q, or portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
(c) The accountant's statement or other exhibit required by Rule 12-b-
25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
The Company is requesting an extension of the deadline to file its Form 10-
Q to August 20, 1994. The reason for the request delay is that during the
second quarter the Company entered into a number of transactions which are
subject to the reporting requirements of both the SEC and Statement of
Financial Accounting Standards No. 115. The Company has been waiting for
valuation information regarding these transactions from Dealers which is
required to finalize its reporting.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
John E. Castello 415 393-8000
- - --------------------------------------------------------------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months (or for such
shorter) period that the registrant was required to file such reports)
been filed? If the answer is no, identify reports(s). X Yes No
--- ---
- - --------------------------------------------------------------------------
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? X Yes No
--- ---
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
For the six months ended June 30, 1993 the Company had net income of
$200,781. In the corresponding period in 1994, it is anticipated that the
Company will have net income approximating $2,000,000. The improvement in
earnings is primarily attributable to the 1994 net gain on the sale of GNMA
certificates and the related redemption of bonds.
- - --------------------------------------------------------------------------
INVG Mortgage Securities Corp.
-------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date August 12, 1994 By /s/ John E. Castello
------------------------------ ------------------------------------
John E. Castello
Assistant Secretary
