[Federal Register Volume 61, Number 55 (Wednesday, March 20, 1996)]
[Notices]
[Page 11443]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6633]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (PLM Equipment Growth Fund III, Limited Partnership
Depository Units) File No. 1-10813
March 14, 1996.
PLM Equipment Growth Fund III (``Partnership'') has filed an
application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified security (``Security'') from listing and
registration on the American Stock Exchange, Inc. (``Amex'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Partnership, PLM Financial Services, Inc. acts as
the general partner, and as such is responsible for managing the
affairs of the partnership. The Partnership was originally anticipated
to have a life-span not to exceed 10-12 years unless earlier terminated
pursuant to the provisions of the limited partnership agreement. The
Partnership was informed in May 1988 and it became listed on August 16,
1991. There are three phases to this partnership; funding, operations
(including a period of reinvestment), and, liquidation. Because the
Partnership will soon be terminating its reinvestment phase, it is
considered to be in, or entering into, its liquidation stage. Sizable
equipment sales will significantly reduce the size of the partnership's
remaining portfolio which will make it difficult for the marketplace to
accurately price the units. The Partnership has recently completed one
such sale and we anticipate that similar sales will take place in the
partnership in the near future.
Any interested person may, on or before April 4, 1996 submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW., Washington, DC 20549, facts bearing upon whether the
application has been made in accordance with the rules of the exchanges
and what terms, if any, should be imposed by the Commission for the
protection of investors. The Commission, based on the information
submitted to it, will issue an order granting the application after the
date mentioned above, unless the Commission determines to order a
hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary,
[FR Doc. 96-6633 Filed 3-19-96; 8:45 am]
BILLING CODE 8010-01-M
