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)
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June 27, 2013 (June 7, 2013)
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MACC PEI Liquidating Trust
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(Exact Name of Registrant as Specified in Its Charter)
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DELAWARE
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0-24412
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45-6510799
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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24040 Camino Del Avion #A307, Monarch Beach, California
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92629
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(Address of Principal Executive Offices)
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(Zip Code)
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(402) 964-5143
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Registrant’s Telephone Number, Including Area Code
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(Former Name or Former Address, if Changed Since Last Report.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
Sale of Significant Portfolio Asset
On June 7, 2013, MACC PEI Liquidating Trust (the “Trust”), received net proceeds of $2,723,144.20 from the sale transaction of a portfolio company (the “Transaction”). An additional amount of approximately $681,663 has been placed in an escrow account and may be released to the Trust upon the satisfaction of certain conditions of the Transaction.
Consistent with Trust’s plan of liquidation, the Trust has distributed proceeds of the disposition of certain of its assets in two prior distributions to beneficial holders in April, 2012 and April, 2013. The Trust anticipates a third distribution some time during the month of July 2013.
An estimated Schedule of the Trust’s Investments (Pro-Forma - Unaudited) in portfolio companies after the disposition transaction noted above, as of June 15, 2013, follows this Item 8.01. Actual amounts the Trust will receive upon liquidation of its remaining assets may vary.
PRO-FORMA SCHEDULE OF INVESTMENTS (UNAUDITED) June 15, 2013
Company
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Security
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Value
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Spectrum Products, LLC
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Escrow
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37,853
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||||
Aviation Manufacturing
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Escrow
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182,996
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||||
Feed Management
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Escrow
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22,167
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Magnum
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Escrow
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335,175
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Detroit Tool Metal Products Co.
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Escrow
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681,663
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Superior Holding, Inc.
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6% debt security
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187,036
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Wichita, Kansas
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Warrant to purchase 11,143 common shares
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--
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||||
Manufacturer of industrial and
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6% debt security
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51,580
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||||
commercial boilers and shower
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121,457 common shares
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---
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doors, frames and enclosures
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6% debt security
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75,930
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312,000 common shares
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---
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12% debt security
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11,879
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|||||
12% debt security
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11,879
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338,304
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SMWC Acquisition Co., Inc.
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12% debt security
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220,000
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Kansas City, Missouri
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113,847 shares Series A preferred
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227,694
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Steel warehouse distribution and
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447,694
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processing
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Portrait Displays
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637,292 shares Series B Preferred
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309,322
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Total Investments
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2,355,174
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SIGNATURES
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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.
Date: June 27, 2013
MACC PEI LIQUIDATING TRUST |
By:
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/s/ Kevin J. Gadawski |
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NL STRATEGIES, INC., Managing Trustee
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