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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
----------
DVI, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.005 PAR VALUE PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
252462106
------------------------
(CUSIP Number)
May 28, 1998
------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosure
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 6 Pages
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CUSIP NO. 252462106 13G
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CIBC Trust Company (Bahamas) Limited, as Trustee of
Settlement T-1740 Trusts #14, #27, #28, #29, #30, #31,
#32, #33, #34, #35 and #36
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bahamas
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5 SOLE VOTING POWER
716,981
NUMBER
------------------------------------------------
OF SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
716,981
REPORTING
------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH: 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
716,981
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
Excludes shares beneficially owned by CIBC Trust Company (Bahamas)
Limited, as Trustee of Settlement T-551 (Settlement T-551-1
through Settlement T-551-7 and Settlement T-551-10 through
Settlement T-551-12).
See Item 4 below. /X/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9).
5.0%
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12 TYPE OF REPORTING PERSON
OO
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Page 2 of 6 Pages
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Item 1(a) Name of Issuer
--------------
DVI, Inc., a Delaware corporation
Item 1(b) Address of Issuer's Principal Executive Offices
-----------------------------------------------
500 Hyde Park
Doylestown, Pennsylvania 18901
Item 2(a) Name of Person Filing
---------------------
CIBC Trust Company (Bahamas) Limited, as Trustee of Settlement
T-1740 Trusts #14, #27, #28, #29, #30, #31, #32, #33, #34, #35
and #36
Item 2(b) Address of Principal Business Office or, if none, Residence
-----------------------------------------------------------
2nd Floor, CIBC Building
Shirley Street, Nassau Bahamas
Item 2(c) Citizenship
-----------
Bahamas
Item 2(d) Title of Class of Securities
----------------------------
Common Stock, $.005 par value per share (the "Common Stock")
Item 2(e) CUSIP Number
------------
252462106
Item 3 If this Statement is Filed Pursuant to
Section 240.13d-1(b) or Section 240.13d-2(b) or (c)
---------------------------------------------------
Not Applicable
If this Statement is Filed Pursuant to Section 240.13d-1(c),
check this box. /X/
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Item 4 Ownership
---------
(a) Amount Beneficially Owned as of May 28, 1998:
716,981 shares of Common Stock
Page 3 of 6 Pages
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(b) The Reporting Person has been advised by the Issuer
that the total number of shares of Common Stock
issued and outstanding as of May 28, 1998 was
13,560,108.
(c) As of the date hereof, the Reporting Person may be
deemed to beneficially own the 716,981 shares of
Common Stock into which the Notes it holds may be
converted or, to the best of its knowledge,
approximately 5.0% of the issued and outstanding
shares of Common Stock.
(d) As of the date hereof, CIBC Trust Company (Bahamas)
Limited, in its capacity as Trustee of Settlement
T-551 (Settlement T-551-1 through Settlement T-551-7
and Settlement T-551-10 through Settlement T-551-12),
beneficially owned an aggregate of 1,823,739 shares
of Common Stock, or approximately 13.4% of the issued
and outstanding Common Stock. The Reporting Person
hereby disclaims beneficial ownership of such shares
and further disclaims membership in a "group" for any
purpose, including, without limitation, Section 13(d)
of the Securities Act of 1934, as amended.
Item 5 Ownership of Five Percent or Less of a Class
--------------------------------------------
Not Applicable
Item 6 Ownership of More Than Five Percent on Behalf of Another
Person
------
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company
-------
Not Applicable
Item 8 Identification and Classification
of Members of the Group
-----------------------
Not Applicable
Item 9 Notice of Dissolution of Group
------------------------------
Not Applicable
Page 4 of 6 Pages
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Item 10 Certification
-------------
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
Page 5 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: June 17, 1998
CIBC TRUST COMPANY
(BAHAMAS) LIMITED, AS
TRUSTEE OF SETTLEMENT
T-1740 TRUSTS #14, #27,
#28, #29, #30, #31, #32,
#33, #34, #35 and #36.
By: /s/ Carlis Chisholm
------------------------------
Its: Manager, Trust Department
Page 6 of 6 Pages
