PRIME INCOME TRUST
SC 13E4/A, 1996-09-20
Previous: MAF BANCORP INC, 10-K, 1996-09-20
Next: HANCOCK JOHN CALIFORNIA TAX FREE INCOME FUND, 485BPOS, 1996-09-20




As filed with the Securities and Exchange Commission on September 20, 1996
                                 Securities Act File No. 33-61341
                                 Investment Company Act File No. 811-5898








               SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C.  20549



                         SCHEDULE 13E-4
                  ISSUER TENDER OFFER STATEMENT
              (Pursuant to Section 13(e)(1) of the
                Securities Exchange Act of 1934)
                        (Amendment No. 1)

                       Prime Income Trust
                        (Name of Issuer)

                       Prime Income Trust
              (Name of Person(s) Filing Statement)

 Common Shares of Beneficial Interest, Par Value $.01 Per Share
                 (Title of Class of Securities)

                           920914-108
              (CUSIP Number of Class of Securities)

                      Sheldon Curtis, Esq.
                       Prime Income Trust
                     Two World Trade Center
                       New York, NY  10048
                         (212) 392-1600
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Person(s) Filing Statement)

                       September 20, 1996
                       (Date of Amendment)


                                       
                        Page 1 of 3 Pages












     This Amendment No. 1 to the Issuer's Tender Offer Statement on
Schedule 13E-4 that was electronically transmitted via EDGAR on
August 12, 1996 by Prime Income Trust (the "Trust"), with respect
to the tender offer to purchase up to 4,000,000 of the Trust's
outstanding common shares of beneficial interest, par value $.01
per share, amends such statement on Schedule 13E-4 to add the
following supplemental information:

     (a)  The offer contained in the Offer to Purchase, dated
August 14, 1996 (the "Offer to Purchase") and the related Letter of
Transmittal (which together constituted the "Offer") expired at
12:00 midnight, New York City time on September 13, 1996.

     (b)  1,723,469 common shares, or approximately 1.86% of the
then outstanding common shares, were validly tendered through the
expiration date and were not withdrawn and were purchased by the
Trust at a price of $9.93 per common share, the net asset value of
the common shares at the time the offer expired.

     
     (c)  The Schedule 13E-4 is hereby terminated.











                             Page 2
















                            SIGNATURE


     After due inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.

                                 PRIME INCOME TRUST



                                                                  
                                    /s/Sheldon Curtis             
                                       Sheldon Curtis
                                 Vice President and Secretary


September 20, 1996



























                             Page 3




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