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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): SEPTEMBER 21, 1999
PREMIER ACCEPTANCE CORPORATION
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(Exact name of registrant as specified in its charter)
33-21775, 33-25070 AND 33-33261
(Commission File Numbers)
DELAWARE 41-1615279
(State or other jurisdiction (I.R.S. Employer
of Incorporation) Identification No.)
PIPER JAFFRAY TOWER, 222 SOUTH NINTH STREET, MINNEAPOLIS, MINNESOTA 55402
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 612-342-6000
NOT APPLICABLE
(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS
On September 21, 1999, the registrant sold its GNMA investments ("the
Investments") on the open market at prices above par. The Investments are
collateral on the outstanding bonds of the registrant, including Series 26
Class A and Class B, Series 27 Class A and Class B, and Series 28 Class A
and Class B ("the Bonds"). The registrant has notified the trustee for the
Bonds that the Bonds are called for redemption effective October 1. The
Investments represented nearly all of the assets of the registrant.
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 hereunto duly authorized.
PREMIER ACCEPTANCE CORPORATION
By /s/ Sandra G. Sponem
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SANDRA G. SPONEM
TREASURER
DATE: SEPTEMBER 21, 1999
