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): April 28, 2006
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ATEL Capital Equipment Fund XI, LLC
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(Exact name of registrant as specified in its charter)
California 000-51858 20-1357935
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 California Street, 6th Floor, San Francisco, California 94108-2733
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 989-8800
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N/A
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(Former name or former address, if changed since last report)
Item 7.01 Regulation FD Disclosure
On April 28, 2006, the registrant sent a letter to the members of its broker
dealer selling group and their representatives, including the information
regarding the registrant set forth below.
The registrant's manager has completed the restated 2004 10-K financial
statements for prior program Funds V-VII and continues to work towards the
completion of the restated 2004 10-Ks for prior program Funds VIII-X.
As it works to complete the restatements for these prior programs, the
manager has determined that it will not at this time file the amendment to its
registration statement on Form S-1 necessary to extend the registrant's offering
period for a second year. Upon completion of the remaining prior program Fund
2004 restatements, the registrant intends to file an amendment to its
registration statement on Form S-1, which will include the registrant's audited
2005 financial statements and any unaudited interim financial statements, in
order to resume the registrant's public offering and extend it through the end
of its second year.
The registrant has acquired a diversified portfolio of leases to
investment-grade credits and high quality corporate credits and loans to
venture-backed companies. Its broad investment mix, along with increased market
interest rates, has led to stronger lease and loan rates. As of March 31, 2006,
the registrant had raised $48.09 million of equity through its public offering
and had acquired or committed to acquire $43.82 million of investment assets.
The registrant has increased its distribution rate to its Unit holders from an
annualized rate of 8.0% on a holder's invested capital to 9.25%, effective with
the April 2006 distribution (to be paid in May). The rate and amount of future
distributions will depend on the results of registrant's operations and there
can be no assurance as to the amount or rate of any future distributions by the
registrant.
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.
Dated: April 28, 2006
ATEL Capital Equipment Fund XI, LLC
By ATEL Financial Services, LLC,
Manager of Registrant
By: /s/ PARITOSH K. CHOKSI
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Paritosh K. Choksi, Executive Vice
President, Chief Financial Officer and
Chief Operating Officer