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
Date of Report (Date of earliest event reported): January 5, 1994
MORTGAGE AND REALTY TRUST
(Exact name of registrant as specified in its charter)
Maryland 1-6613 23-1862664
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
8380 Old York Road
Suite 300
Elkins Park, Pennsylvania 19117-1590
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 215/881-1525
N/A
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS.
On January 5, 1994, Mortgage and Realty Trust, a Maryland real
estate investment trust (the "Registrant"), issued a press release
announcing that as previously forecast and announced, and
consistent with the Trust's ongoing restructuring negotiations, the
Trust did not pay the interest on the Senior Notes that was due on
December 31, 1993. In addition, the Trust did not pay any
principal on its outstanding debt. A copy of the press release is
attached as an exhibit hereto and is incorporated by reference in
its entirety herein.
EXHIBITS
The following exhibit is filed as part of this report:
Exhibit Exhibit
Number Description
20 Press Release
<PAGE>
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.
MORTGAGE AND REALTY TRUST,
a Maryland real estate investment trust
By: /s/ Victor H. Schlesinger
Victor H. Schlesinger
Chairman
Date: January 12, 1994
ELKINS PARK, PA - January 5, 1994 . . . Mortgage and Realty
Trust (NYSE:MRT) announced today that, as previously forecast and
announced by the Trust, and consistent with the Trust's ongoing
restructuring negotiations with the principal holders of its $290
million Secured Uncertificated Notes due 1995, the Trust did not
pay the interest on the Secured Notes that was due on December 31,
1993. The Trust has continued discussions with the principal
holders of the Secured Notes and their advisors in an effort to
reach an agreement on the terms of the restructuring. Because of
a lack of of sufficient support for the previously announced
restructuring terms and significant changes in ownership of the
Senior Notes since the negotiation of such terms, the terms and
timing of the ultimate restructuring are uncertain at this time.
MRT is a self-administered real estate investment trust with
offices in Elkins Park, Pennsylvania and Burbank, California.
