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) March 14, 2003
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AFG Investment Trust C
(Exact name of registrant as specified in its charter)
Delaware 0-21444 04-3157232
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1050 Waltham Street Lexington, MA 02421
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (781) 676-0009
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(Former name or former address, if changed since last report)
Item 5. Other Events
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On March 14, 2003, AFG Investment Trust C (the "Trust") completed its proxy
voting in accordance with the proxy solicitation statement dated as of February
11, 2003. The proxy solicitation sought approval of the following:
Proposal 1: To allow PLM International, Inc. ("PLM"), its parent, MILPI
Holdings, LLC ("MILPI") and the subsidiaries and affiliated that they control,
to continue to operate their ongoing business making investments after December
31, 2002, not withstanding the end of the reinvestment period for the Trust.
Proposal 2: Approval of the acquisition of partnership interests in Rancho
Malibu Limited Partnership from Semele Group, Inc. by RMLP, a subsidiary of PLM.
Proposal 3: Approval of the amendment to Section 7.5 of the Trust Agreement to
approve grants and exercises of rights of first refusal in joint venture
agreements between the Trust and its affiliates.
Proposal 4: Approval of the purchase by MILPI of the membership interests in
MILPI held by AFG Investment Trust A and AFG Investment Trust B, which would
give the Trust, together with AFG Investment Trust D, shared 100% ownership of
MILPI.
Proposal 5: To allow the Trust, in its operation of PLM, to enter into business
arrangements with affiliates in the ordinary course of business on terms no less
favorable than those that they would receive if such arrangements were being
entered into with independent third parties.
The Altman Group, Inc. certified the tabulation of the proxy vote for Class A
Interest on March 14, 2003 as follows:
Proposal 1
For Against Abstain
431,341 135,784 19,350
Proposal 2
For Against Abstain
389,076 172,929 24,470
Proposal 3
For Against Abstain
423,217 135,868 27,390
Proposal 4
For Against Abstain
427,512 130,493 28,470
Proposal 5
For Against Abstain
414,667 137,258 34,550
SIGNATURES
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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.
Dated: March 21, 2003 AFG INVESTMENT TRUST C
By: AFG ASIT Corporation, as Managing Trustee
By: /s/ Richard K Brock
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Name: Richard K Brock
Title: Chief Financial Officer