-----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, KTpoTHLzibJxRNZUQhhDATvFLiKsC878BBSLIu6rAMXM9SNw4SCLOM7S/dW1EWfR uw/3PmwDloy5d1iu/FOD4Q== 0000950147-98-000735.txt : 19980922 0000950147-98-000735.hdr.sgml : 19980922 ACCESSION NUMBER: 0000950147-98-000735 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980921 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PILGRIM AMERICA PRIME RATE TRUST CENTRAL INDEX KEY: 0000826020 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 956874587 STATE OF INCORPORATION: MA FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 333-29803 FILM NUMBER: 98712483 BUSINESS ADDRESS: STREET 1: TWO RENAISSANCE SQ STREET 2: 40 N CENTRAL STE 1200 CITY: PHOENIX STATE: AZ ZIP: 85004-4424 BUSINESS PHONE: 6024178100 MAIL ADDRESS: STREET 1: TWO RENAISSANCE SQ STREET 2: 40 N CENTRAL STE 1200 CITY: PHOENIX STATE: AZ ZIP: 85004-4424 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM PRIME RATE TRUST DATE OF NAME CHANGE: 19920703 497 1 PROSPECTUS SUPPLEMENT SEC File No. 333-29803 Filed Pursuant to Rule 497(h) Prospectus Supplement (To Prospectus Dated June 11, 1998) PILGRIM AMERICA PRIME RATE TRUST 20,814.040 Shares Of Beneficial Interest ----------------- On September 17, 1998, Pilgrim America Prime Rate Trust (the "Trust") sold 20,814.040 shares of beneficial interest of the Trust through the Trust's Shareholder Investment Program pursuant to a Distribution Agreement with Pilgrim America Securities, Inc. ("PASI") at a sales price of $9.869 per share. Gross Proceeds ............................... $205,413.75 Commission to PASI ........................... $ 2,054.14 Net Proceeds to Trust ........................ $203,359.61 On September 15, 1998, the last day of the corresponding pricing period, the last reported sales price of the Shares on the NYSE was $10.00. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. ---------------------- The Date of this Prospectus Supplement is September 21, 1998. -----END PRIVACY-ENHANCED MESSAGE-----