FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 21, 1999
AMERICA FIRST PREP FUND 2
PENSION SERIES LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
Delaware 0-17582
(State of Formation) (Commission File Number)
47-0719051
(IRS Employer Identification Number)
Suite 400, 1004 Farnam Street,
Omaha, Nebraska 68102
(Address of principal executive offices) (Zip Code)
(402) 444-1630
(Registrants' telephone number, including area code)
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Item 2. Acquisitions or Dispositions of Assets
On May 21, 1999, America First Prep Fund 2 Pension Series Limited Partnership
(the "Registrant") assigned its limited partnership interest in Gold Key
Ventures, a Georgia limited partnership, to America First Mortgage
Investments, Inc. ("AFMI"). AFMI is the general partner of the Registrant's
general partner and the owner of the majority of assigned limited partnership
interests of the Registrant. The Registrant's cash proceeds from the sale
were $150,000, which represented the fair market value of the assigned limited
partnership interest. The Registrant recognized a gain of $150,000 on the
sale.
On June 30, 1999, the Registrant assigned its limited partnership interests in
Owings Chase Limited Partnership, a Maryland limited partnership ("Owings
Chase"), and Stazier Associates Colorado Springs, Ltd., a Colorado limited
partnership ("Stazier"), to AFMI. The Registrant's cash proceeds from the
sale of its interests in Owings Chase and Stazier were $30,000 and $224,141,
respectively, which represented the fair market value of the assigned limited
partnership interests. The Registrant recognized an aggregate gain of
$254,141 on these sales.
The limited partnership interests in Owings Chase and Stazier were the final
"Permanent Investments" (as defined in the Registrant's agreement of limited
partnership) held by the Registrant. Under the terms of the Registrant's
agreement of limited partnership, the Registrant will dissolve 180 days after
the disposition of its last Permanent Investment. Accordingly, the Registrant
will dissolve on December 27, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrants have each duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
AMERICA FIRST PREP FUND 2
PENSION SERIES LIMITED PARTNERSHIP
By America First Capital
Associates Limited Partnership Six,
its general partner
By America First Mortgage Investments, Inc.,
its general partner
By /s/ Stewart Zimmerman
Stewart Zimmerman, President and
Chief Executive Officer
August 9, 1999
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