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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 12, 1996
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(Date of earliest event reported)
AMERICAN REALTY TRUST, INC.
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(Exact name of registrant as specified in its charter)
Georgia 1-9948 54-0697989
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(State of incorporation (Commission File (IRS Employer
or organization) Number) Identification No.)
10670 North Central Expressway
Suite 300
Dallas, Texas 75231
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 692-4700
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On June 12, 1996, the Board of Directors of American Realty Trust,
Inc. (the "Company") declared that the Company will pay a cash dividend of $.10
per share on the Company's Common Stock for the second quarter of 1996. The
Company has not declared dividends since 1990. The dividend shall be payable
on July 8, 1996 to stockholders of record on June 21, 1996.
The Board of Directors also authorized the redemption of all Rights
under the Company's Rights Plan. Each share of outstanding Common Stock
represents one and one-half (1.5) Rights. The Rights are redeemable at $.01
per Right. The redemption price will be paid on July 8, 1996 to stockholders
of record on June 21, 1996.
In addition, on June 7, 1996, the Board of Directors elected Karl L.
Blaha as a member of the Board of Directors to fill the vacancy left by the
resignation of Ryan T. Phillips. Mr. Blaha serves as the President of the
Company.
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.
AMERICAN REALTY TRUST, INC.
Dated: June 27, 1996 By: \s\ Randall M. Paulson
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Randall M. Paulson
Executive Vice President
