UNITED STATES
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) March 25, 1998
(March 25, 1998)
Commission File Number 0-18952
NTS-PROPERTIES PLUS LTD
(Exact name of registrant as specified in its charter)
Florida 61-1126478
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) No.)
10172 Linn Station Road
Louisville, Kentucky 40223
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code (502) 426-4800
Not Applicable
Former name, former address and former fiscal year,
if changed since last report
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Item 5. Other Items
As of November 6, 1996, NTS-Properties Plus Ltd. (the 'Partnership') established
an Interest Repurchase Reserve pursuant to Section 16.4 of the Partnership's
Amended and Restated Agreement of Limited Partnership. Under Section 16.4,
limited partners may request the Partnership to repurchase their respective
interests (Units) in the Partnership. The Partnership notified the limited
partners by letter on February 1, 1996 of the establishment of the Interest
Repurchase Reserve. This Repurchase Program was temporarily interrupted in
January 1997.
As of March 25, 1998, NTS-Properties Plus Ltd. has elected to fund an additional
amount of $5,000 to its Interest Repurchase Reserve. With this funding, the
Partnership will be able to repurchase up to 5,000 additional Units at a price
of $1.00 per Unit. If the number of units submitted for repurchase exceeds that
which can be repurchased by the Partnership with the current funding, those
additional Units may be repurchased in subsequent quarters. The above offering
price per Unit was established by the General Partner in its sole discretion and
does not purport to represent the fair market value or liquidation value of the
Unit. The Partnership will notify the limited partners of this action and
opportunity by mail during March 1998.
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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 thereunto duly authorized.
NTS-PROPERTIES PLUS LTD
(Registrant)
BY: NTS-Properties Plus Associates,
General Partner
BY: NTS Capital Corporation,
General Partner
/S/ John W. Hamtpton
John W. Hampton
Senior Vice President
Date: March 25, 1998
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