Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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 19, 2003
Commission File Number 1-13610
PMC COMMERCIAL TRUST
| TEXAS | 75-6446078 | |
|
|
||
| (State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) | |
| 18111 Preston Road, Suite 600, Dallas, TX 75252 | (972) 349-3200 | |
|
|
||
| (Address of principal executive offices) | (Registrant’s telephone number) |
Former name, former address and former fiscal year, if changed since last report: NONE
| Item 7. Financial Statements and Exhibits | ||||||||
| Item 9. Regulation FD Disclosure | ||||||||
| SIGNATURE | ||||||||
| EXHIBIT INDEX | ||||||||
| EX-99.1 Press Release | ||||||||
Table of Contents
Item 7. Financial Statements and Exhibits
| (a) | Not applicable. | |
| (b) | Not applicable. | |
| (c) | Exhibits |
99.1 Press Release dated June 19, 2003.
Item 9. Regulation FD Disclosure
On June 19, 2003, PMC Commercial Trust (the “Company”) issued a press release announcing its quarterly dividend declared of $0.38 per share and a delay in completion of its proposed securitization. A copy of the press release is attached as Exhibit 99.1 to this report. The information under this caption is furnished by the Company pursuant to Item 12. Results of Operations and Financial Condition, under Item 9 of Form 8-K in accordance with the Securities and Exchange Commission Release No. 34-47583. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Table of Contents
SIGNATURE
Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: | June 20, 2003 | |||||
| PMC COMMERCIAL TRUST | ||||||
| By: | /s/ Barry N. Berlin Barry N. Berlin, Chief Financial Officer |
|||||
Table of Contents
EXHIBIT INDEX
| EXHIBIT | ||||||
| NUMBER | DESCRIPTION | |||||
| 99.1 | Press Release dated June 19, 2003. |
EXHIBIT 99.1
FOR IMMEDIATE PRESS RELEASE
| FOR: |
PMC COMMERCIAL TRUST 18111 Preston Road, Suite 600 Dallas, TX 75252 |
CONTACT: | Investor Relations 972-349-3235 |
PMC Commercial Trust
AMEX (Symbol: “PCC”)
| Dallas, Texas | June 19, 2003 |
PMC Commercial Trust announced that its Board of Trust Managers (the “Board”) has declared a dividend of $0.38 per common share. The dividend will be paid to shareholders of record June 30, 2003, payable on July 14, 2003.
PMC Commercial reduced its dividend as a result of reduced earnings and continued low interest rates. Additionally, changes in the securitization market have resulted in the Company delaying its proposed securitization until such time as terms can be achieved which management believes to be in the best interest of the Company.
PMC Commercial Trust is a REIT that originates loans to small businesses secured by real estate and owns various hospitality properties.
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “expects”, “anticipates”, “will” or words of similar import. Similarly, statements that describe the Company’s future plans, objectives or goals are also forward-looking statements. Such forward-looking statements can be subject to certain risks and uncertainties, including the financial performance of the Company, real estate conditions and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.