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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 12b-25 SEC File Number 0-15621
CUSIP Number
NOTIFICATION OF LATE FILING
(Check One):
[ ] Form 10-K [ ] Form 11-K [ ] Form 2-F [XX] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 1996
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Read Attached Instruction Sheet Before Preparing Form. Please Print or
Type.
Nothing in this Form Shall be construed to imply that the Commission has
verified any information contained herein.
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If the Notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: All Items.
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Part I--Registrant Information
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Full Name of Registrant
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American Income 5 Limited Partnership
Former Name, if Applicable: N/A
98 North Washington Street
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Address of Principal Executive Office (Street and Number)
Boston, MA 02114
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City, State and Zip
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Form 12b-25
Page Two
Part II--Rules 12b-25 (b) and (c)
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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 box, if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[XX] (b) The subject annual report or semiannual report/portion thereof will be
filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report/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 12b-25(c)
has been attached if applicable.
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Part III--Narrative
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State below in reasonable detail the reasons why the Form 10-K, 11-K, 20-F, 10-Q
or N-SAR or portion thereof could not be filed within the prescribed time
period.
The Registrant requires additional time to prepare a complete and accurate
accounting of the quarter ended September 30, 1996 due to the Registrant's
recent disposal of all of its equipment assets and the anticipated wind-up of
its operations.
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Part IV--Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
Michael J. Butterfield 617 854-5846
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(Name) (Area Code) (Telephone Number)
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Form 12b-25
Page Three
(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 report(s) been filed?
If the answer is no, identify report(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 can not be made.
American Income 5 Limited Partnership
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: November 13, 1996 By: AFG Leasing IV Incorporated, a
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Massachusetts corporation and the
Managing General Partner of the
Registrant.
By: /s/ Michael J. Butterfield
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Treasurer of AFG Leasing IV
Incorporated
(Duly Authorized Officer and
Principal Accounting Officer)
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RIDER TO FORM 12b-25
Part IV--Other Information
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American Income 5 Limited Partnership had total revenues, total expenses and net
income/(loss) of approximately $1,611,568, $815,505 and $796,063 respectively,
for the nine months ended September 30, 1996. This is compared to total
revenues, total expenses and net income/(loss) of $1,163,464, $877,000 and
$286,464 respectively, for the nine months ended September 30, 1995. Total
assets at September 30, 1996 are approximately $3,446,849.
