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) June 15, 1998
ONE LIBERTY PROPERTIES, INC.
(Exact name of registrant as specified in charter)
Maryland 0-11083 13-3147497
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(State or other (Commission File No.) (IRS Employer
Jurisdiction of I.D. No.)
Incorporation)
60 Cutter Mill Road, Suite 303, Great Neck, New York 11021
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 516-466-3100
Item 5. Other Events.
Reference is made to the Company's Registration Statement on Form S-11
(Registration No. 333-45937) declared effective by the Securities and Exchange
Commission on March 31, 1998. The Registration Statement relates to a rights
offering to the Company's Common and Preferred Stockholders and reference is
made to the Registration Statement for the terms and conditions of the rights
offering. The offering expired on June 15, 1998, with a guaranteed delivery date
of June 22, 1998.
The Company sold 1,331,708 shares pursuant to the rights offering. The
proceeds of the offering totaled $17,645,131, with net proceeds of approximately
$17,525,000, of which approximately $7,000,000 is to be used to pay bank debt
and the balance for property acquisitions.
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 thereunto duly authorized.
ONE LIBERTY PROPERTIES, INC.
By: s/ Mark H. Lundy
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Mark H. Lundy
Secretary
Date: June 24, 1998