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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)
August 4, 1999 (July 27, 1999)
CRIIMI MAE Inc.
(Exact Name of Registrant as Specified in its Charter)
Maryland 1-10360 52-1622022
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11200 Rockville Pike
Rockville, Maryland 20852
(Address of principal executive offices, including zip code, of Registrants)
(301) 816-2300
(Registrants' telephone number, including area code)
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Item 5. Other Events
Attached as an exhibit to this Current Report of Form 8-K is a press
release issued by the Company on July 27, 1999. The press release is hereby
incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The following exhibit is filed as a part of this Current Report on
Form 8-K:
(c) Exhibit
99.1 Press Release issued by CRIIMI MAE Inc. on July 27, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrants have duly caused this report to be signed on their behalf by
the undersigned hereunto duly authorized.
CRIIMI MAE Inc.
/s/ August 4, 1999 /s/ Cynthia O. Azzara
- ------------------ by: ------------------------
its: Chief Financial Officer/
Senior Vice President
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EXHIBIT INDEX
Exhibit
No. Description
- -------------------------------------------------------------------------------
*99.1 Press Release issued by CRIIMI MAE Inc. on July 27, 1999.
*Filed herewith.
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EXHIBIT 99.1
Contact: Susan B. Railey
For shareholders and securities brokers
(301) 468-3120
Andrew P. Blocher
For institutional investors
(301) 231-0371
James T. Pastore FOR IMMEDIATE RELEASE
For news media
(202) 546-6451
JUDGE SETS AUGUST 5TH HEARING DATE FOR CRIIMI MAE EXTENSION REQUEST
ROCKVILLE, MARYLAND, July 27, 1999 - CRIIMI MAE Inc. (NYSE: CMM) was granted a
bridge order by Judge Duncan Keir of the United States Bankruptcy Court in
Greenbelt, Md., continuing through August 5th the period during which the
Company has the exclusive right to file its plan of reorganization. On August
5th, the Bankruptcy Court will hold a hearing on the Company's motion to
further extend the period in which it exclusively may file its plan of
reorganization to October 4, 1999 and the period in which it exclusively may
solicit acceptances to such plan to December 3, 1999.
On October 5, 1998 CRIIMI MAE and two affiliates filed for protection under
Chapter 11 of the U.S. Bankruptcy Code. Before filing for reorganization,
CRIIMI MAE had been actively involved in acquiring, originating, securitizing
and servicing multi-family and commercial mortgages and mortgage related assets
throughout the United States. Since filing for Chapter 11 protection, CRIIMI
MAE has suspended its loan origination, loan securitization and commercial
mortgage-backed securities ("CMBS") acquisition businesses. The Company,
however continues to hold a substantial portfolio of subordinated CMBS and,
through its servicing affiliate, acts as a servicer for its own as well as
third party securitizations.
More information on CRIIMI MAE is available on its website - www.criimimae.com
or contact Susan Railey, Investor Services at 301-468-3120.
