0000914317-01-500375.txt : 20011009 0000914317-01-500375.hdr.sgml : 20011009 ACCESSION NUMBER: 0000914317-01-500375 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010930 ITEM INFORMATION: Other events FILED AS OF DATE: 20011002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY CENTRAL INDEX KEY: 0000036840 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 221697095 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25043 FILM NUMBER: 1750542 BUSINESS ADDRESS: STREET 1: 505 MAIN ST STREET 2: P O BOX 667 CITY: HACKENSACK STATE: NJ ZIP: 07602 BUSINESS PHONE: 2014886400 MAIL ADDRESS: STREET 1: P O BOX 667 STREET 2: 505 MAIN STREET CITY: HACKENSACK STATE: NJ ZIP: 07602 8-K 1 form8k40968_10-1.txt 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: September 26, 2001 FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (Exact name of registrant as specified in its charter) New Jersey 22-1697095 ------------------------------- -------------------- (State or other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 505 Main Street, P.O. Box 667, Hackensack, New Jersey 07602 ----------------------------------------------------- ------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 201-488-6400 ------------ Item 5. Other Events On September 26, 2001, the Board of Trustees of First Real Estate Investment Trust of New Jersey ("FREIT") declared a Share split in the form of a Share dividend. The Shares are expected to begin trading on a split-adjusted basis on the over the counter market on October 19, 2001. The Press Release is included as Exhibit I to this Form 8-K. Disclosure Concerning Forward-Looking Statements ------------------------------------------------ Certain Statements in this Form 8-K may contain information that is, or anticipate certain events that are, forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Registrant cautions readers that forward-looking statements, including, without limitation, those relating to the Registrant's liquidity and capital resources, are subject to certain risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors, including without limitation, the Registrant's future financial performance; the availability of capital; general market conditions; national and local economic conditions; particularly long-term interest rates; the terms of federal, state and local governmental regulations that affect the Registrant; and the competitive environment in which the Registrant operates, including the availability of retail space and residential apartment units in the areas where the Registrant's properties are located. In addition, the Registrant's continued qualification as a real estate investment trust involves the application of highly technical and complex rules of the Internal Revenue Code. The forward-looking statements are made as of the date of this Form 8-K and the Registrant assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those projected in such forward-looking statements. 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 hereto duly authorized. FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY By: /s/ Robert S. Hekemian -------------------------- Robert S. Hekemian Chairman of the Board DATED: October 2, 2001 EX-99 3 exh99_10-1.txt STOCK DIVIDEND HACKENSACK, NJ, October 2, 2001 - First Real Estate Investment Trust ("FREIT") announced the declaration of a stock dividend. FREIT'S Board of Trustees declared a Share split in the form of a Share dividend. The Share dividend is payable by the issuance of one share for every Share issued and outstanding. All shareholders of record on October 8, 2001 will be entitled to receive the Share dividend, which will be distributed on October 18, 2001. The Shares are expected to begin trading on a split-adjusted basis in the over the counter market on October 19, 2001. After the Share dividend the issued and outstanding shares will increase to 3,119,576 from 1,559,788. In connection with this share dividend, the Board also authorized an increase in the authorized shares to 4,000,000 from 1,790,000. FREIT'S Board decision to declare this Share dividend is based on a desire to make the shares more affordable to individual investors and broaden FREIT's investor base. Certain information included in this release and the Trust's filings with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, contains or may contain forward-looking information that is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are matters relating to general market conditions, national and local economic conditions and the terms of federal, state and local governmental regulations that affect the Trust. Additional information about these and other factors is contained in the Trust's filing with the SEC. First Real Estate Investment Trust is a publicly traded (over-the-counter - symbol FREVS) REIT organized in 1961. It has approximately $96 million (historical cost basis) of assets. Its portfolio of residential and retail properties extends from Eastern L.I. to Maryland, with the largest concentration in Northern New Jersey. For additional information contact Shareholder relations at (201) 488-6400.