-----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, PiBeiASRZtCtCvn1WTDtD6mfLMoIHgrABzP8tHnbWoCQXFsNUDexz53dU9iWHiza Os2N0V46sYY9bGBIdUwcsg== 0000812914-03-000033.txt : 20030912 0000812914-03-000033.hdr.sgml : 20030912 20030911180409 ACCESSION NUMBER: 0000812914-03-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030829 ITEM INFORMATION: Other events FILED AS OF DATE: 20030912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN INCOME FUND I-C LTD PARTNERSHIP CENTRAL INDEX KEY: 0000868679 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 043077437 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20031 FILM NUMBER: 03892566 BUSINESS ADDRESS: STREET 1: 98 N WASHINGTON STREET CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 6178545800 MAIL ADDRESS: STREET 1: 98 N WASHINGTON STREET CITY: BOSTON STATE: MA ZIP: 02114 8-K 1 aipic8k082903.htm AIP I-C 8K 08-29-03 AIP I-C 8K 08-29-03


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)
September 11, 2003 (August 29, 2003)
 
American Income Fund I-C, a Massachusetts Limited Partnership, Liquidating Trust
(Exact name of registrant as specified in its charter)


Delaware                                04-3077437
(State or other jurisdiction of                 (IRS Employer incorporation or organization
                                Identification No.)


c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890
(Address of principal executive offices) (Zip Code)


Registrant’s telephone number, including area code (781) 676-0009


N/A
(Former name or former address, if changed since last report.)
 
     
 


Item 5.     Other Events
On August 29, 2003, Wilmington Trust Company, not in its individual capacity, but solely as trustee (the "Trustee") of American Income Fund I-C, a Massachusetts Limited Partnership Liquidating Trust (the "Trust") sold an aggregate of 20,876 shares of Semele Group Inc. ("Semele") common stock (the "Shares") owned by the Trust for a price of $1.20 per share to a family corporation controlled by Gary D. Engle, Semele’s Chairman and Chief Executive Officer and a family corporation controlled by James A. Coyne, Semele’s President and Chief Operating Officer. The aggregate purchase price of $25,051 was paid in cash to the Trustee for the benefit of the Trust.

Pursuant to the terms of the settlement of the class and derivative action lawsuit entitled Leonard Rosenblum, et al. v. Equis Financial Group Limited Partnership, et al. (the "Settlement Agreement"), Equis Financial Group Limited Partnership ("EFG") agreed to pay the difference between $5.00 per share and the average purchase price per share at which the Shares were sold. Accordingly, on August 29, 2003, EFG remitted an additional $3.80 per share, for an aggregate of $79,329, to the Trust in cash for the benefit of the Trust.
 
 

 
     
 
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.


Dated:  September 11, 2003     


               American Income Fund I-C, a Massachusetts Limited Partnership, Liquidating Trust


By: Equis Corporation, as Manager of the Trust, under a Liquidating Trust Agreement dated as of July 18, 2002, Wilmington Trust Company, as Trustee and not Individually


By: /s/ Wayne E. Engle    
Wayne E. Engle
Vice President
(Duly Authorized Officer and Chief Financial Officer)
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