UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): November 2, 2006
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AMERICAN MORTGAGE ACCEPTANCE COMPANY
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(Exact Name of Registrant as Specified in Its Charter)
MASSACHUSETTS
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(State or Other Jurisdiction of Incorporation)
0-23972 13-6972380
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(Commission File Number) (IRS Employer Identification No.)
625 MADISON AVENUE
NEW YORK, NEW YORK 10022
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(Address of Principal Executive Offices) (Zip Code)
(212) 317-5700
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(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 (see General Instruction A.2. below):
[ ] 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))
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ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On November 2, 2006, American Mortgage Acceptance Company (the
"Registrant") completed the sale of twenty Federal National Mortgage Association
securities, as previously reported in its 8-K filed on November 2, 2006. While
this sale is not a disposition of a significant portion of the Registrant's
assets, as defined by Rule 11-01 of Regulation S-X, such sale, when combined
with the sale by the Registrant of the Reserve at Autumn Creek Property ("Autumn
Creek") (described below), qualifies as a significant real estate disposition
and requires the Registrant to report such dispositions and to provide pro forma
financial information. On October 24, 2006, the Registrant sold Autumn Creek
from its real estate owned portfolio for $18.1 million. The pro forma
information in connection to these sales is reported below under section (a) and
(b) of Item 9.01.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a)(b) Pro Forma Financial Information.
The unaudited pro forma condensed balance sheet of Registrant as of June
30, 2006, and the unaudited pro forma condensed statements of operations of
Registrant for the year ended December 31, 2005, and for the six months ended
June 30, 2006, giving effect to the dispositions of certain investments are
being filed as Exhibit 99.1 to this Form 8-K (and are included herein).
(C) EXHIBITS
EXHIBIT NO. DESCRIPTION OF EXHIBIT
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99.1 Unaudited pro forma condensed balance sheet American Mortgage
Acceptance Company as of June 30, 2006, and unaudited pro forma
condensed statements of operations of American Mortgage Acceptance
Company for the year ended December 31, 2005, and for the six months
ended June 30, 2006.
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.
American Mortgage Acceptance Company
(Registrant)
November 8, 2006 By: /s/ Alan P. Hirmes
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Name: Alan P. Hirmes
Title: Chief Financial Officer