LANDSING PACIFIC FUND INC
8-K, 1995-08-09
REAL ESTATE INVESTMENT TRUSTS
Previous: TRAVELERS GROUP INC, SC 13G/A, 1995-08-09
Next: IMPERIAL HOLLY CORP, 10-Q, 1995-08-09





                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 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)    July 31, 1995
                                                 ---------------- 

                           LANDSING PACIFIC FUND, INC.
                           ---------------------------
             (Exact name of registrant as specified in its charter)




                                     1-9942
                            -------------------------
                             Commission File Number


         MARYLAND                                       94 - 3066597
         --------                                       ------------
(State or other jurisdiction                           (I.R.S. Employer
     of incorporation)                              Identification number)



             155 Bovet Road, Suite 101, San Mateo, California 94402
             ------------------------------------------------------
                    (Address of principal executive offices)


                                 (415) 513-5252
              ----------------------------------------------------
              (Registrant's telephone number, including area code)



                                       N/A
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)



<PAGE>


Item 5.  OTHER EVENTS:

              On August 3, 1995,  the  registrant  announced the execution of an
              agreement  with  one of its  lenders  which  permits  the  Fund to
              extinguish  certain  indebtedness  at a discount of  approximately
              $2,600.000  from the  current  outstanding  balance.  The event is
              described in the press release attached hereto as Exhibit 99.1 and
              incorporated by reference herein.


Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

              (c)    Exhibits

                     The following exhibits are filed as part of this report:

                            99.1 Landsing Pacific Fund, Inc. Press Release dated
                            August 3, 1995.

                                   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.


Date:    August 9, 1995
                                                Landsing Pacific Fund, Inc.
                                                (Registrant)

                                                Signed by: /s/ Dean Banks
                                                          ----------------------
                                                Name:          Dean Banks
                                                          ----------------------
                                                Title:    Treasurer & Secretary
                                                          ----------------------


 
                                  EXHIBIT 99.1



N E W S  R E L E A S E 


July 31, 1995 

CONTACT: 

Martin I. Zankel           Dean Banks 
Chairman of the Board      Chief Financial Officer 
Landsing Pacific Fund      Landsing Pacific Fund 
415/956-1900               415/513-5259 

FOR IMMEDIATE RELEASE:
- ----------------------

                           LANDSING PACIFIC FUND, INC.
                         ANNOUNCES AGREEMENT WITH LENDER
                             WHICH PERMITS REDUCTION
                                 IN LOAN PAYOFF

San Mateo, CA, August 3, 1995 - Landsing Pacific Fund, Inc. (AMEX:LPF) announced
today that it has executed an agreement  with one of its lenders  which  permits
the Fund to  extinguish  certain  indebtedness  at a discount  of  approximately
$2,600,000  from  the  current  outstanding  balance.  The Fund is  seeking  the
required  funds at this time in an effort to meet the  conditions of the workout
agreement.

Landsing Pacific Fund, Inc. is a self-administered  real estate investment trust
with equity  investments  in industrial  properties  and shopping  centers.  Its
shares are traded on the American Stock Exchange under the symbol "LPF."

                                     - END -



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission