-----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, GP3HnBqmKcdZgHnqlXPOVvUub7FYLuv460oifev0IAwhYT7XK26+Cq5Jq3PCbNPC LCD4wCdDKtpMrE4c1cfC/Q== 0000950147-98-000834.txt : 19981022 0000950147-98-000834.hdr.sgml : 19981022 ACCESSION NUMBER: 0000950147-98-000834 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981021 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: 98728637 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 36,494.558 Shares Of Beneficial Interest ----------------- During the period of October 16 through October 19, 1998, Pilgrim America Prime Rate Trust (the "Trust") sold 36,494.558 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 $9.25 per share. Gross Proceeds ............................... $337,574.62 Commission to PASI ........................... $ -0- Net Proceeds to Trust ........................ $337,574.62 On October 15, 1998, the last day of the corresponding pricing period, the last reported sales price of the Shares on the NYSE was 9 3/8. 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 October 21, 1998. -----END PRIVACY-ENHANCED MESSAGE-----