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 25, 1999
AMERICA FIRST PREP FUND 2 PENSION SERIES LIMITED PARTNERSHIP
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-17582 47-0719051
(Commission (IRS Employer
File Number) Identification No.)
Suite 400, 1004 Farnam Street, Omaha, Nebraska 68102
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (402) 444-1630
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Item 2: Acquisition or Disposition of Assets
On January 25, 1999, America First Prep Fund 2 Pension Series Limited
Partnership (the "Registrant") sold its four Federal National Mortgage
Association mortgage-backed securities with an aggregate carrying value of
$698,869 to First Union Capital Markets. The Registrant received cash proceeds
of $699,907 from the sale including accrued interest. The Registrant
recognized a loss of $1,534 on the sale. The price was negotiated at
arms-length with the buyer. There is no relationship between First Union
Capital Markets or its affiliates, on one hand, and the Registrant or any of
its affiliates, directors or officers or any associate of its directors or
officers on the other hand.
On January 25, 1999, the Registrant also sold all of its remaining Government
National Mortgage Association mortgage-backed securities with an aggregate
carrying value of $2,519,832 to America First Mortgage Investments, Inc., the
owner of a majority of BUCs of the Registrant. The Registrant's cash proceeds
from the sale were $2,625,050, which represented the fair market value of the
securities, plus accrued interest. The Registrant recognized a gain of
$91,732 on the sale.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: February 9, 1999 AMERICA FIRST PREP FUND 2
PENSION SERIES LIMITED PARTNERSHIP
By America First Capital
Associates Limited
Partnership Six, General
Partner of the Registrant
By America First Mortgage Investments, Inc.,
General Partner of America
First Capital Associates
Limited Partnership Six
By /s/ Stewart Zimmerman
Stewart Zimmerman,
President and Chief Executive Officer
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