-----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, KHTZOor89J6YylxlnV/aA+dkS2FpNzrUvfklMfRSfje/tsUZqcC8jbfzEvQwnJp8 jSDcRXP1Prus/RYm9oH5LA== 0000891092-03-001111.txt : 20030516 0000891092-03-001111.hdr.sgml : 20030516 20030516164755 ACCESSION NUMBER: 0000891092-03-001111 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030516 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CEDAR INCOME FUND LTD /MD/ CENTRAL INDEX KEY: 0000761648 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 421241468 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-14510 FILM NUMBER: 03708958 BUSINESS ADDRESS: STREET 1: 44 SOUTH BAYLES AVENUE CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5167676492 MAIL ADDRESS: STREET 1: 44 SOUTH BAYLES AVENUE CITY: PORT WASHINGTON STATE: NY ZIP: 11050 FORMER COMPANY: FORMER CONFORMED NAME: UNI INVEST USA LTD DATE OF NAME CHANGE: 20000407 FORMER COMPANY: FORMER CONFORMED NAME: CEDAR INCOME FUND LTD DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CEDAR INCOME FUND 1 LTD DATE OF NAME CHANGE: 19891010 8-K 1 e14879_8k.txt FORM 8-K 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) May 16, 2003 - -------------------------------------------------------------------------------- CEDAR INCOME FUND, ltd. ---------------------------------------------------- (Exact name of registrant as specified in its charter) Maryland 0-14510 42-1241468 --------------------------- ----------- --------------- (State or other jurisdiction (Commission (IRS Employer ID of incorporation) File Number) Number) 44 South Bayles Avenue, Port Washington, New York 11050 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (516) 767-6492 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 7. Financial Statements and Exhibits. (c) Exhibit Number Description 99 Press release dated May 16, 2003. Item 9. Regulation FD Disclosure On May 16, 2003, Cedar Income Fund, Ltd. issued a press release announcing its operating results for the quarter ended March 31, 2003. A copy of the press release is furnished hereto as Exhibit 99. The information provided in this Current Report on Form 8-K is being furnished pursuant to Item 12, Results of Operations and Financial Condition. 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. CEDAR INCOME FUND, LTD. By: /s/ Leo S. Ullman ----------------------- Name: Leo S. Ullman Title: President Dated: May 16, 2003 2 EXHIBIT INDEX Exhibit Number Description Page 99 Press release dated May 16, 2003. 4 3 EX-99 3 e14879ex_99.txt PRESS RELEASE Exhibit 99 Cedar Income Fund, Ltd. - Reports First Quarter Results PORT WASHINGTON, N.Y., May 16 /PRNewswire-FirstCall/ -- Cedar Income Fund, Ltd. (the "Company"), reported a net loss for the three months ended March 31, 2003 of ($199,000) (($0.24) per share) compared to a net loss of ($53,000) ($0.08) per share) for the same period in 2002. Total revenue for the Company for the three months ended March 31, 2003 was $5,752,000 compared to $2,510,000 for the same period in 2002. This increase is attributable primarily to the inclusion of operating results for the three Giant supermarket-anchored properties at Newport, Halifax and New Cumberland, Pennsylvania, acquired during the first quarter of 2003; the acquisition during the third quarter of 2002 of a shopping center in Williamsport, Pennsylvania; the acquisition during the second quarter of 2002 of a shopping center in Philadelphia, Pennsylvania; and the acquisition during the fourth quarter of 2002 of a shopping center in Camp Hill, Pennsylvania. The increase has been offset, in part, by the sale of an office property in Jacksonville, Florida, during the second quarter of 2002. The increased revenue for the quarter is offset by increases in operating expenses ($1,730,000 vs. $604,000), real estate taxes ($620,000 vs. $289,000), general and administrative ($523,000 vs. $248,000), depreciation and amortization ($841,000 vs. $552,000) and interest expenses ($2,038,000 vs. $921,000). The increases result primarily from the acquisitions described above and the corresponding growth in the Company's asset base. Interested parties are urged to review the 10-Q filed with the Securities and Exchange Commission for further details. Cedar Income Fund, Ltd. is a real estate investment trust administered by Cedar Bay Realty Advisors, Inc., Port Washington, New York, with investments primarily in multi-tenant supermarket-anchored shopping centers in eastern Pennsylvania and southern New Jersey. Shares of Cedar Income Fund, Ltd. are currently traded on the Nasdaq (SmallCap) Stock Market under the symbol "CEDRC." -----END PRIVACY-ENHANCED MESSAGE-----