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.