UNITED STATES 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): May 23, 2005 CAPITAL ALLIANCE INCOME TRUST LTD., A REAL ESTATE INVESTMENT TRUST ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 333-11625 94-3240473 -------- --------- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 100 Pine Street, Suite 2450 San Francisco, California 94111 ---------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 288-9575 -------------- 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: [ ] 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(d) 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)) Item 8.01 Other Events. On May 23, 2005, Capital Alliance Income Trust, Ltd. announced its first quarter earnings for 2005 and the Board of Directors postponement of a decision for the second quarter's Common share dividend and May Preferred share dividend. A copy of the press release is attached as Exhibit 99.1. (c) Exhibits: 99.1 Press Release dated May 23, 2005. SIGNATURE 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. CAPITAL ALLIANCE INCOME TRUST LTD. A Real Estate Investment Trust (Registrant) Date: May 23, 2005 By: /s/ Richard J. Wrensen -------------------------- Richard J. Wrensen Executive Vice President and Chief Executive Officer INDEX TO EXHIBITS Exhibit No. Description - ----------- -------------- 99.1 Press Release dated May 23, 2005