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 10, 2002 (May 8, 2002)
AMERICAN INSURED MORTGAGE INVESTORS
(Exact name of registrant as specified in its charter)
California 1-11060 13-3180848
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11200 Rockville Pike
Rockville, Maryland 20852
(Address of principal executive offices, including zip code, of Registrant)
(301) 816-2300
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
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On May 8, 2002, CRIIMI, Inc., a wholly owned subsidiary of CRIIMI MAE Inc.
and the general partner ("General Partner") of American Insured Mortgage
Investors (the "Partnership") dismissed Arthur Andersen LLP ("Arthur Andersen")
as the Partnership's independent auditors. Arthur Andersen has served as the
Partnership's independent accountants since 1991. A new independent public
accounting firm is expected to be engaged by the General Partner during the
second quarter of 2002.
Arthur Andersen's reports on the Partnership's consolidated financial
statements for each of the past two fiscal years did not contain an adverse
opinion or disclaimer of opinion, nor were such reports qualified or modified as
to uncertainty, audit scope or accounting principles.
During each of the Partnership's two most recent fiscal years and through
the date of this report, there were: (i) no disagreements with Arthur Andersen
on any matter of accounting principle or practice, financial statements
disclosure, or auditing scope or procedure which, if not resolved to Arthur
Andersen's satisfaction, would have caused them to make reference to the subject
matter in connection with their report on the Partnership's consolidated
financial statements for such years; and (ii) there were no reportable events as
defined in Item 304(a)(1)(v) of Regulation S-K.
The General Partner has provided Arthur Andersen with a copy of the
foregoing disclosures. Attached as Exhibit 16 is a copy of Arthur Andersen's
letter dated May 10, 2002, stating its agreement with such statements.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits. The following exhibits are filed with this report:
Exhibit 16 - Letter from Arthur Andersen LLP to the Securities and Exchange
Commission dated May 10, 2002.
Exhibit 99 - Press Release dated May 10, 2002.
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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.
AMERICAN INSURED MORTGAGE
INVESTORS
By: CRIIMI, Inc.
General Partner
Dated: May 10, 2002 /s/ William B. Dockser
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William B. Dockser
Chairman of the Board
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EXHIBIT INDEX
Exhibit
No. Description
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*16 Letter from Arthur Andersen LLP to the Securities and Exchange Commission
dated as of May 10, 2002.
*99.1 Press Release dated May 10, 2002
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*Filed herewith.