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) October 13, 1998
SENIOR INCOME FUND L.P.
(Exact name of registrant as specified in its charter)
Delaware 33-9921 13-3392077
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3183
Item 2. Disposition of Assets
On October 13, 1998, Senior Income Fund L.P., a Delaware limited
partnership (the "Partnership"), closed on the sale of the
Partnership's remaining property, Ocean House, a congregate care
facility (the "Property"). The gross selling price of the
Property was $5,172,750, less a credit for cost of repairs due to
earthquake damage of $4,174,171, resulting in a net selling price
of $998,579. The Property was sold to MBK Senior Living
Communities, LTD., formerly known as MBK Senior Properties, LTD.,
a California limited partnership (the "Buyer") unaffiliated with
the Partnership. The selling price was determined by arm's
length negotiations between the Partnership and the Buyer.
As a result of the sale, the General Partner intends to
distribute the net proceeds therefrom, together with the
Partnership's remaining cash reserves (after payment of or
provision for the Partnership's liabilities and expenses, and
establishment of a reserve for contingencies, if any) and
dissolve the Partnership in accordance with the Partnership
Agreement.
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, hereunto duly authorized.
SENIOR INCOME FUND L.P.
Registrant
By: SENIOR INCOME FUND INC.
General Partner
Date: October 27, 1998 By: /s/Michael T. Marron
Director, President and
Chief Financial Officer
