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) February 11, 1999
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(January 15, 1999)
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Commission File Number 0-18952
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NTS-PROPERTIES PLUS LTD
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(Exact name of registrant as specified in its charter)
Florida 61-1126478
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) No.)
10172 Linn Station Road
Louisville, Kentucky 40223
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code (502) 426-4800
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Not Applicable
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Former name, former address and former fiscal year,
if changed since last report
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Item 5. Other Items
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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.
As of January 15, 1999 the Partnership has elected to fund an additional amount
of $10,000 to its Interest Repurchase Reserve. With this funding, the
Partnership will be able to repurchase up to 10,000 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.
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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
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(Registrant)
BY: NTS-Properties Plus Associates
BY: NTS Capital Corporation,
General Partner
/s/ Richard L. Good
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Richard L. Good
Vice Chairman
/S/ Lynda J. Wilbourn
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Lynda Wilbourn
Senior Vice President
Date: February 11, 1999
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