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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 26, 2008
Commission File Number 33-89506
Berthel Growth & Income Trust I
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(Exact name of registrant as specified in its charter)
Iowa 52-1915821
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(State of Incorporation) (IRS Employer Identification No.)
701 Tama Street, Marion, Iowa 52302
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (319) 447-5700
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(b) 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 1.01. Entry into a Material Definitive Agreement.
On November 26, 2008, the registrant's wholly owned subsidiary, Berthel SBIC,
LLC executed and delivered a Consent Order and Judgment to the United States
Small Business Administration (the "SBA"). The Consent Order and Judgment
provides for the appointment of a receiver for Berthel SBIC, LLC for the purpose
of marshalling and liquidating in an orderly manner all of its assets and
satisfying all of the claims of creditors. The Consent Order and Judgment is
filed herewith as Exhibit 99.1 to this report on Form 8-K and is incorporated
herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is furnished herewith.
Exhibit 99.1 Consent Order and Judgment.
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 hereunto duly authorized.
Berthel Growth & Income Trust I
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(Registrant)
November 26, 2008
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(Date)
/s/ Ronald O. Brendengen
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Ronald O. Brendengen,
Chief Financial Officer of Berthel
Fisher & Company Planning, Inc.,
Trust Advisor