8-K

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): January 29, 2018

WORLD MONITOR TRUST III – SERIES J 
(Exact name of registrant as specified in its charter)

Delaware	333-119612	20-2446281
(State or other Jurisdiction	(Commission File Number)	(I.R.S. Employer Identification No.)
of Incorporation or Organization)

680 Fifth Avenue, Suite 1901, New York, NY 10019
(Address and Zip Code of principal executive offices)

Registrant’s telephone number, including area code: (212) 596-3480

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 (see General Instruction A.2. below):

o       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o       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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter.

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.01. Change in Control.

(a) Effective January 1, 2018, full (100%) ownership of the parent company of Kenmar Preferred Investments, LLC – the Investment Manager for World Monitor Trust III was assumed by its long standing minority owner, the Bustan Trust. As an investor in the Registrant, the Managing Owner will continue to deliver the same investment advice and support that you have been receiving since you decided to invest in the Registrant.

See attached letter to investors being distributed with the monthly investor statements.

Item 5.01. Change in Control

(d) Exhibits.

The following exhibits are filed as part of this report:

Exhibit Number	Description
99.1	Letter to investors dated January 29, 2018

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.

WORLD MONITOR TRUST III – SERIES J

By: Kenmar Preferred Investments, LLC,

its Managing Owner

By:

James A. Parrish

President

Date: January 29, 2018

EX-99.1

 

January 29, 2018

RE: World Monitor Trust III Series J (“WMT-III”)

Dear Unitholder,

We are writing to inform you of the recent change in control of the majority indirect ownership of the Investment Manager – Kenmar Preferred Investments, LLC – of WMT-III. Effective January 1, 2018, full (100%) ownership of the parent company of Kenmar Preferred Investments, LLC – the Investment Manager for WMT-III – was assumed by its longstanding minority owner, the Bustan Trust. As an investor in the Registrant, the Managing Owner will continue to deliver the same investment advice and support that you have been receiving since you decided to invest in the Registrant.

Frequently Asked Questions

Q1: Why did you make these changes?

The former majority owner of the parent company of Kenmar Preferred Investments, for structural and internal reasons, has relinquished all its control to the longstanding minority owner, the Bustan Trust. Leadership and investment management decisions of the management company – Kenmar Preferred Investments, LLC – for WMT-III remains the same.

Q2: Is any action required?

No action is required by the Financial Advisor or client.

Q3: Will these changes have any impact on my tax reporting?

No. These changes will have no impact on your tax reporting.

We appreciate your continued support of WMT-III and Kenmar Preferred. If you have any questions or concerns, please do not hesitate to contact your Financial Advisor or Kenmar Preferred’s Investor Services Group at (212) 596-3480.

Kind regards,

Jim Parrish

President

Kenmar Preferred Investments, LLC

Investments in commodities/futures, options on them, and managed futures are not appropriate for all investors, as the risk of loss is substantial. Therefore, only risk or hedge capital should be invested in these securities.

Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicles, which generally have high fixed and variable costs and substantial risks. The high expenses often associated with these investments must be offset by trading profits and other income. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparency as to the underlying assets. Additionally, there may be no secondary market for alternative investment interests and transferability may be limited or even prohibited. Other risks may apply

Kenmar Preferred Investments, LLC - P.O Box 5537, New York, NY 10185 - Tel: 212-596-3480

 

as well, depending on the specific investment product. Please carefully review the Private Placement Memorandum or other offering documents for complete information regarding terms, including all applicable fees, as well as other factors you should consider before investing.