-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PcD/DV8tdyK5orZPAgHMuvhVVhdJauH8YAemxSX8VrpgpkDF85ZZGTZK65WbrZBB 0+64ra8M5ynTz9RIqdG/Jw== 0000927797-01-500028.txt : 20010511 0000927797-01-500028.hdr.sgml : 20010511 ACCESSION NUMBER: 0000927797-01-500028 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ALLIANCE INCOME TRUST REAL ESTATE & INVESTMENT TRUS CENTRAL INDEX KEY: 0001021422 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 943240473 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-57591 FILM NUMBER: 1628947 BUSINESS ADDRESS: STREET 1: 50 CALIFORNIA STREET STREET 2: SUITE 2020 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4152889575 MAIL ADDRESS: STREET 1: 50 CALIFORNIA STREET STREET 2: SUITE 2020 CITY: SAN FRANCISO STATE: CA ZIP: 94111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ALLIANCE ADVISORS INC CENTRAL INDEX KEY: 0001139047 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943096113 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 50 CALIFORNIA STREET STREET 2: SUITE 2000 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4152889575 MAIL ADDRESS: STREET 1: 40 CALIFORNIA STREET STREET 2: SUITE 2000 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13D 1 cait13d_04-01.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13-d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) CAPITAL ALLIANCE INCOME TRUST LTD., A REAL ESTATE INVESTMENT TRUST - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 13971R108 - -------------------------------------------------------------------------------- (CUSIP Number) Thomas B. Swartz Capital Alliance Advisors, Inc. 50 California St., Suite 2000 San Francisco, California 94111 (415) 288-9575 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 11, 2001 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box | | . Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. CUSIP No. 13971R108 --------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Capital Alliance Advisors, Inc. Tax ID # 94-3096113 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) | | (b) |X| 3 SEC USE ONLY 4 SOURCE OF FUNDS* WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): | | 6 CITIZENSHIP OR PLACE OF ORGANIZATION California 7 SOLE VOTING POWER NUMBER OF 71,100 SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 71,100 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 71,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | | 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.11% 14 TYPE OF REPORTING PERSON* CO Item 1. Security and Issuer The title of the class of equity shares to which this Schedule 13D relates are the Common Shares of Capital Alliance Income Trust Ltd., a Real Estate Investment Trust. The issuer's principal executive offices are located at: Capital Alliance Income Trust Ltd. 50 California Street, Suite 2020 San Francisco, CA 94111 Item 2. Identity and Background Name of Reporting Person: Capital Alliance Advisors, Inc. State of Incorporation: California Principal Business: Capital Alliance Advisors, Inc. ("CAAI") is a real estate asset manager and broker providing brokerage services directly to borrowers on residential properties. In addition, under the terms of certain operating agreements, CAAI originates, underwrites, funds, services and sells residential mortgage loans secured by trust deeds in the western United States on behalf of Capital Alliance Income Trust Ltd. and a private real estate investment program. CAAI serves as a real estate investment fiduciary to these programs, assisting them in obtaining both equity and debt from the capital markets, providing investor interface and overall program management. The principal office of Capital Alliance Advisors, Inc. is 50 California Street, Suite 2020, San Francisco, CA 94111; telephone: (415) 288-9575 facsimile: (415) 288-9590. As of March 31, 2001, CAAI had 15 employees. Legal Proceedings: During the last five years, CAAI has not been a party to any criminal, civil, or federal or state securities law violation proceedings. Executive Officers, Directors & Controlling Persons: The following individuals are the executive officers, directors and controlling persons of the Reporting Person. They have the same business address and are involved in the same business as CAAI which is described above. None of these individuals has been a party to any criminal, civil, or federal or state securities law violation proceedings during the past five years. All are U.S. citizens. They are: Thomas B. Swartz, 69, Chairman, Chief Executive Officer and Director. Chairman and Chief Executive Officer of Capital Alliance Advisors, Inc. (1989 to date); Chairman, Chief Executive Officer and Director, Capital Alliance Income Trust Ltd. (1991 to date) and Capital Alliance Funding Corporation (1997 to date); Chairman , Founder, and Chief Executive Officer of Sierra Capital Companies and its affiliates (1980 to date); Chairman, CAlliance Realty Fund, LLC (1995 to date). Dennis R. Konczal, 50, President, Chief Operating Officer and Director. President (1995 to date), Director (1991 to date), and Executive Vice-President (1991-1995) of Capital Alliance Advisors, Inc.; President, Director and Chief Operating Officer, Capital Alliance Funding Corporation (1997 to date) and Sierra Capital Companies (1984 to date); President (1995 to date) and Executive Vice-President (1991 to 1995) and Director (1991 to date), Capital Alliance Income Trust Ltd.; President and Director, CAlliance Realty Fund, LLC, (1995 to date). Richard J. Wrensen, 45, Executive Vice-President, Chief Financial Officer and Director. Executive Vice-President and Chief Financial Officer, Capital Alliance Advisors, Inc. and its affiliates, Capital Alliance Income Trust Ltd., Capital Alliance Funding Corporation and Sierra Capital Companies and its affiliates (1997 to date). Item 3. Source and Amount of Funds or Other Consideration The source of the funds used in the acquisition of the Common Shares of Capital Alliance Income Trust Ltd. by Capital Alliance Advisors, Inc. were generated from internal working capital. No bank borrowing or other financing was utilized. The aggregate amount of funds invested was $222,519. The source of the funds used in the acquisition of the Common Shares of Capital Alliance Income Trust Ltd. by the executive officers, directors and controlling persons of Capital Alliance Advisors, Inc. were generated from their personal working capital. No bank borrowing or other financing was utilized. The aggregate amount of funds invested by Messrs. Swartz, Konczal and Wrensen were $13,655, $69,600 and $181,828 respectively. Item 4. Purpose of Transaction The purchases of the Common Shares of the Issuer, made by the Reporting Person and Messrs. Swartz, Konczal and Wrensen (the "Purchasers"), were not made with any current view toward or plan or purpose of acquiring Common Shares in a series of successive and periodic acquisitions. All of the Common Shares were acquired over an extended period of time dating back to September, 1998. The Purchasers have acquired the Shares solely for investment purposes and all Common Shares were purchased through the public security exchanges. The Purchasers have no present intention to seek control of the Trust or to change the management or operations of the Trust. The Purchasers do not have any present intention to seek or cause a liquidation of the Trust. The Purchasers have no present intention or plan that would result in the Issuer being involved in an extraordinary corporate transaction, a sale or transfer of a material amount of assets, any change in the current board of directors or management, any material change in present capitalization, any material change in the Issuer's business or corporate structure, or any action causing the Common Shares to be delisted. The Purchasers nevertheless reserve the right, at an appropriate time, to exercise their rights as Shareholders to vote on matters subject to Shareholder vote. Item 5. Interest in Securities of the Issuer Reporting Person ---------------- Last Reporting Capital Alliance Richard J. Dennis R. Thomas B. Date 3/31/01 Advisors, Inc. Wrensen Konczal Swartz a) Number of Shares 65,100 61,300 24,000 3,086 % of Class 4.68% 4.40% 1.72% .22% b) Number of Shares with Sole Power to 65,100 61,300 24,000 3,086 Vote Number of Shares 65,100 61,300 24,000 3,086 with Sole Power to Dispose c) Transactions during Number of Number of Number of Number of last 60 days (1) Shares Shares Shares Shares Purchased Purchased Purchased Purchased --------- --------- --------- --------- Price per Price per Price per Price per Share Share Share Share 2/12/01 1,000 NONE $3.02 2/13/01 1,500 $3.10 3/1/01 2,000 $3.00 3/2/01 1,000 $2.99 3/9/01 5,000 $2.95 3/15/01 1,000 $3.20 3/19/01 1,000 $3.20 3/21/01 2,000 $3.30 3/22/01 100 $3.35 3/23/01 200 $3.40 4/9/01 5,000 1,000 $4.19 $4.25 4/10/01 4,100 $4.18 4/11/01 1,000 1,000 $4.00 $4.05 (1) All Common Shares were acquired through public security exchanges. Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer None. Item 7. Material to Be Filed as Exhibits None. SIGNATURE After reasonable 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. CAPITAL ALLIANCE INCOME TRUST LTD., A REAL ESTATE INVESTMENT TRUST By: /s/ Thomas B. Swartz -------------------- Thomas B. Swartz Chairman -----END PRIVACY-ENHANCED MESSAGE-----