form8k_062713.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)  
June 27, 2013 (June 7, 2013)


MACC PEI Liquidating Trust
(Exact Name of Registrant as Specified in Its Charter)
 

DELAWARE
0-24412
45-6510799
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)


24040 Camino Del Avion  #A307, Monarch Beach, California
92629
(Address of Principal Executive Offices)
(Zip Code)


(402) 964-5143
Registrant’s Telephone Number, Including Area Code

 
(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:

[ ] 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)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 

 
Item 8.01.  Other Events.

Sale of Significant Portfolio Asset

On June 7, 2013, MACC PEI Liquidating Trust (the “Trust”), received net proceeds of $2,723,144.20 from the sale transaction of a portfolio company (the “Transaction”).  An additional amount of approximately $681,663 has been placed in an escrow account and may be released to the Trust upon the satisfaction of certain conditions of the Transaction.

Consistent with Trust’s plan of liquidation, the Trust has distributed proceeds of the disposition of certain of its assets in two prior distributions to beneficial holders in April, 2012 and April, 2013.  The Trust anticipates a third distribution some time during the month of July 2013.

An estimated Schedule of the Trust’s Investments (Pro-Forma - Unaudited) in portfolio companies after the disposition transaction noted above, as of June 15, 2013, follows this Item 8.01.  Actual amounts the Trust will receive upon liquidation of its remaining assets may vary.


PRO-FORMA SCHEDULE OF INVESTMENTS (UNAUDITED) June 15, 2013

            Company
Security
    
Value
  
 
             
Spectrum Products, LLC
Escrow
    
37,853
    
Aviation Manufacturing
Escrow
    
182,996
    
Feed Management
Escrow
    
22,167
    
Magnum
Escrow
    
335,175
    
Detroit Tool Metal Products Co.
Escrow
    
681,663
    
             

Superior Holding, Inc.
6% debt security
    
187,036
    
    Wichita, Kansas
Warrant to purchase 11,143 common shares
    
--
    
       Manufacturer of industrial and
6% debt security
    
51,580
    
       commercial boilers and shower
121,457 common shares
    
---
    
       doors, frames and enclosures
6% debt security
    
75,930
    
 
312,000 common shares
    
---
    
 
12% debt security
    
11,879
    
 
12% debt security
    
11,879
    
       
338,304
    
             
SMWC Acquisition Co., Inc.
12% debt security
  
 
220,000
    
Kansas City, Missouri
113,847 shares Series A preferred
    
227,694
    
    Steel warehouse distribution and
      
447,694
    
processing
      
 
    
             
Portrait Displays
637,292 shares Series B Preferred
    
309,322
    
             
             
Total Investments
      
2,355,174
    
             



 
 
 


 
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.

Date:  June 27, 2013
 
 
 
  MACC PEI LIQUIDATING TRUST
 
 
  By:
 /s/ Kevin J. Gadawski
 
 
NL STRATEGIES, INC., Managing Trustee