U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(CHECK ONE):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: DECEMBER 31, 2000
[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
- --------------------------------------------------------------------------------
Nothing in this Form shall be construed to imply that the
Commission has verified any information contained herein.
- --------------------------------------------------------------------------------
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
- --------------------------------------------------------------------------------
PART I--REGISTRANT INFORMATION
- --------------------------------------------------------------------------------
AFG INVESTMENT TRUST C
-------------------------------------------------------------------------
Full Name of Registrant (Former Name if Applicable)
88 BROAD STREET, SIXTH FLOOR
-------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
BOSTON, MA 02110
-------------------------------------------------------------------------
City, State and Zip Code
- --------------------------------------------------------------------------------
PART II--RULES 12b-25(b) AND (c)
- --------------------------------------------------------------------------------
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or portion thereof will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
- --------------------------------------------------------------------------------
PART III--NARRATIVE
- --------------------------------------------------------------------------------
State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
AFG Investment Trust C (the "Trust") is unable to timely file its Annual Report
on Form 10-K for the fiscal year ended December 31, 2000 (the calendar day time
limit prescribed under rule 12b-25 under the Securities Exchange Act of 1934, as
amended.) The Trust is still gathering information which is necessary for the
filing. The Registrant anticipates being able to compile such information and
provide it to the independent auditors so as to permit filing of the Form 10-K
on or before the 15th calendar day following the Trust's original prescribed
due date for the Form 10K.
- --------------------------------------------------------------------------------
PART IV--OTHER INFORMATION
- --------------------------------------------------------------------------------
(1) Name and telephone number of person to contact in regard to this
notification
MICHAEL J. BUTTERFIELD 617 854-5846
- -------------------------------- ----------- ------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
Estimate of 2000 results compared to actual 1999 results:
(In thousands of dollars)
2000 1999
ESTIMATE ACTUAL
-------- -------
Total Income 10,782 15,453
Total Expense 8,025 9,651
Net Income 2,757 5,802
The income reduction primarily reflects a reduction in lease revenue as a
result of equipment sales and lease terminations and a reduction in the gains on
sale of equipment. The reduction in expenses primarily reflects a reduction in
depreciation expense.
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
AFG INVESTMENT TRUST C
------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: 4/03/01 By: /s/ MICHAEL J. BUTTERFIELD
-------------------------- ----------------------------------
Name: MICHAEL J. BUTTERFIELD
---------------------------------
Title: EXECUTIVE VICE PRESIDENT AND
CHIEF OPERATING OFFICER FOR
EQUIS FINANCIAL GROUP LIMITED
PARTNERSHIP AND TREASURER
OF THE MANAGING TRUSTEE
(PRINCIPAL FINANCIAL AND
ACCOUNTING OFFICER)
--------------------------------