-----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, A3ALPLuqUahMXm3GSeNuN3qRMZPOh6NDqz7Lsb5sAfGU/e5mML+qbuf1JiNd4Kjz FDnR0F87i6LSif5q4zkysw== 0001214659-10-000598.txt : 20100304 0001214659-10-000598.hdr.sgml : 20100304 20100304130258 ACCESSION NUMBER: 0001214659-10-000598 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100302 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20100304 DATE AS OF CHANGE: 20100304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIDGEWOOD ELECTRIC POWER TRUST V CENTRAL INDEX KEY: 0001060755 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 223437351 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24143 FILM NUMBER: 10656396 BUSINESS ADDRESS: STREET 1: 947 LINWOOD AVE CITY: RIDGEWOOD STATE: NJ ZIP: 07450 BUSINESS PHONE: 2014479000 MAIL ADDRESS: STREET 1: 947 LINWOOD AVE CITY: RIDGEWOOD STATE: NJ ZIP: 07450-2939 8-K 1 a331018k.htm a331018k.htm
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)           
March 2, 2010

RIDGEWOOD ELECTRIC POWER TRUST V
(Exact Name of Registrant as Specified in Charter)

Delaware
  
0-24143
  
22-3437351
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S Employer
Identification Number)

1314 King Street, Wilmington, DE
19801
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s telephone number, including area code         
(302) 888-7444


Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

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:


o
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)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act   (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
Item 2.01.  Completion of Acquisition or Disposition of Assets.

On March 2, 2010, Ridgewood Near East Holdings LLC and its wholly-owned subsidiary, RW Egyptian Holdings LLC (collectively referred to as the “Sellers”) completed a series of transactions regarding the disposition (the “Sale”) of all of its interest in Ridgewood Egypt for Infrastructure LLC, an Egyptian limited liability company (“REFI”), with Mr. Zaki Girges, the general manager of REFI, El Orouba for Water Desalination S.A.E., an Egyptian joint stock company owned by Mr. Girges and his family, REFI, and Water Desal, LLC, a Cayman Island limited liability company managed by EFG-Hermes Private Equity.

Ridgewood Near East is owned 68.1% by The Ridgewood Power Growth Fund (“Growth Fund”), 14.1% by Ridgewood Electric Power Trust V (“Trust V”) and 17.8% by Ridgewood/Egypt Fund (“Egypt Fund”).

The Sale agreements, all dated as of December 10, 2009, provided that the Sellers were to receive total proceeds of $13 million and were subject to approval by shareholders of the Growth and Egypt Funds. The Managing Shareholder received approval by a majority of the shares held by the shareholders of each of the Growth and Egypt Funds and upon notification from Trust V’s Senior Vice President and General Counsel, the escrow agent released the $13 million of gross proceeds and the Sellers released all rights to its ownership in REFI.

The foregoing description of the terms and provisions of the Sale in this report is not complete and is qualified in its entirety by reference to the full text of the Sale agreements, copies of which were filed by Trust V as exhibits to its Current Report on Form 8-K dated December 21, 2009 and are incorporated herein by reference.
 
 
 

 
 
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.
 

 
RIDGEWOOD ELECTRIC POWER TRUST V
  
     
 
      
Date: March 4, 2010
By:     
/s/ Jeffrey H. Strasberg  
 
Name:    
Jeffrey H. Strasberg  
 
Title:    
Executive Vice President and Chief Financial Officer
  
       

 
 
 
 
 
 






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