FIRST AMERI-CABLE <FATV> FILES OFFERING
First Ameri-Cable Corp said that
First Ameri-Cable Income Fund Ltd filed a registration
statement with the Securities and Exchange Commission to raise
from one mln dlrs to 50 mln dlrs on a best efforts basis.
    First Ameri-Cable said it acts as general partner for First
Ameri-Cable Income Fund.
    First Ameri-Cable said First Ameri-Cable Income Fund
intends to use the funds to buy existing cable systems or
ownership interest in existing cable systems from third parties
or from First Ameri-Cable Corp.
    First Ameri-Cable Income Fund intends to operate the
systems it purchases, First Ameri-Cable said.
    The company said the offering will be made in two series,
with the Series A units priced at 29.20 dlrs each, and the
Series B units priced at 20 dlrs each.
    First Ameri-Cable said the minimum purchase allowed is 25
units in any combination of series A and B.
    The selling agent for the offering is First Cable
Securities Corp, a wholly owned unit of First Amer-Cable Corp,
the company said.
 Reuter
