UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): January 9, 2007
Commission File Number: 333-11625
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CAPITAL ALLIANCE INCOME TRUST LTD.,
A REAL ESTATE INVESTMENT TRUST
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(Exact name of registrant as specified in its charter)
Delaware 94-3240473
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(State or other Jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
100 Pine Street
Suite 2450
San Francisco, California 94111
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(Address of principal executive office) (zip code)
(415) 288-9595
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(Registrant's telephone number, including area code)
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
CRF 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CRF 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(d) under the
Exchange Act (17 CRF 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CRF 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing
On January 9, 2007, Capital Alliance Income Trust, Ltd. ("CAIT") received a
notice of noncompliance from the American Stock Exchange for not having enough
independent directors on its Board. The notice was dated January 5, 2007 and the
listing requirement cited was Section 121(B)(2)(c) which requires the Small
Business Issuers maintain a Board of Directors of at least 50% independent
directors. The action that will bring CAIT into compliance with the Exchange's
requirements is attached as Exhibit 99.1. Attached as Exhibit 99.2 is CAIT's
press release dated January 12, 2007, listing its noncompliance.
The registrant is aware of material noncompliance with the requirement of
Section 121(B)(2)(c) regarding the composition of the Board of Directors for
Small Business Issuers. The American Stock Exchange requires the Board of
Directors be comprised of at least at least 50% independent directors pursuant
to Section 121(B)(2)(c) of the Amex Company Guide.
The registrant has until April 5, 2007, to cure the registrant's
noncompliance and expects to announce the appointment of an independent director
prior to that deadline. This will bring the registrant into compliance with the
Exchange.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
Exhibit
Number Description of Exhibit
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99.1 Action for Compliance with the Exchange's requirements
99.2 Press release, dated January 12, 2007
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.
CAPITAL ALLIANCE INCOME TRUST, LTD.,
A Real Estate Investment Trust
Dated: January 12, 2007 By: /s/ Richard Wrensen
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Richard J. Wrensen,
Chief Executive Officerr