content: 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): October 2, 2001
                                                    ---------------
  
  
                           Primecore Mortgage Trust, Inc.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
  
          Maryland                     0-30507                     94-3324992
  --------------------------------------------------------------------------------
  (State or other jurisdiction       (Commission               (IRS Employer
   of incorporation)                  File Number)             Identification No.)
  
  
                99 El Camino Real, Menlo Park, CA                   94025
  --------------------------------------------------------------------------------
              (Address of principal executive offices)           (Zip Code)
  
  
  Registrant's telephone number, including area code:  (650) 328-3060
                                                       --------------
  
                                         N/A
            -------------------------------------------------------------
            (Former name or former address, if changed since last report)
  
  
  
  
  
  
  
  
  
  <PAGE>
  Item 5.  Other Events and Regulation FD Disclosure.
  
  On October 2, 2001, our Board of Directors voted to adjust our monthly dividend
  rate to $0.0875 per share, which represents an annual rate of return of 10.5% on
  Preferred Stock investments, beginning with dividends declared in October 2001
  and paid in November 2001. In adjusting the dividend policy, the Board has
  considered the following factors: the downward pressure on interest rates over
  the past six months; the San Francisco Bay Area real estate market conditions;
  the economic uncertainties arising from the events of September 11, 2001; and
  the potential implications of the foregoing on our portfolio. By taking such
  action, the Board adopted a rate that it believes, based on currently available
  information, should be sustainable during the next 12 months. As always, the
  Board will continue to review and reassess the dividend policy as new
  information becomes available.
  
  This filing may contain forward-looking statements. These statements relate to
  future events or our future financial performance. In some cases, one can
  identify forward-looking statements by terminology. For example, "may", "will",
  "should", "expect", "plan", "anticipate", "believe", "estimate", "predict",
  "potential" or "continue", or the negative of these terms or other comparable
  terminology, indicate forward-looking statements. These statements are only
  predictions. Actual events or results may differ materially. In evaluating these
  statements, an investor should specifically consider various factors, including
  the risks outlined in the Risk Factors section of the Form 10-K filing of the
  Company, filed on or about March 30, 2001. These factors may cause our actual
  results to differ materially from any forward-looking statement.
  
  Although we believe the expectations reflected in the forward-looking statements
  are reasonable, we cannot guarantee future results, levels of activity,
  performance or achievements. We will not update any of the forward-looking
  statements after the date of this filing to conform them to actual results or to
  changes in our expectations that occur after the date of this filing, other than
  as required by law.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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  <PAGE>
  
  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 thereunto duly authorized.
  
                                Primecore Mortgage Trust, Inc.
  
  
  
                                By: /s/ MICHAEL RIDER
                                    --------------------------------------
                                    Michael Rider, Chief Financial Officer
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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metadata_filer: {"company-data": {"conformed-name": "PRIMECORE MORTGAGE TRUST INC", "cik": "0001086670", "assigned-sic": "6798", "irs-number": "943324992", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30507", "film-number": "1751699"}, "business-address": {"street1": "99 EL CAMINO REAL", "city": "MENLO PARK", "state": "CA", "zip": "94025", "phone": "6503283060"}}
text: 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): October 2, 2001
                                                    ---------------
  
                           Primecore Mortgage Trust, Inc.
  --------------------------------------------------------------------------------
               (Exact name of registrant as specified in its charter)
  
          Maryland                     0-30507                     94-3324992
  --------------------------------------------------------------------------------
  (State or other jurisdiction       (Commission               (IRS Employer
   of incorporation)                  File Number)             Identification No.)
  
                99 El Camino Real, Menlo Park, CA                   94025
  --------------------------------------------------------------------------------
              (Address of principal executive offices)           (Zip Code)
  
  Registrant's telephone number, including area code:  (650) 328-3060
                                                       --------------
  
                                         N/A
            -------------------------------------------------------------
            (Former name or former address, if changed since last report)
  Item 5.  Other Events and Regulation FD Disclosure.
  
  On October 2, 2001, our Board of Directors voted to adjust our monthly dividend
  rate to $0.0875 per share, which represents an annual rate of return of 10.5% on
  Preferred Stock investments, beginning with dividends declared in October 2001
  and paid in November 2001. In adjusting the dividend policy, the Board has
  considered the following factors: the downward pressure on interest rates over
  the past six months; the San Francisco Bay Area real estate market conditions;
  the economic uncertainties arising from the events of September 11, 2001; and
  the potential implications of the foregoing on our portfolio. By taking such
  action, the Board adopted a rate that it believes, based on currently available
  information, should be sustainable during the next 12 months. As always, the
  Board will continue to review and reassess the dividend policy as new
  information becomes available.
  
  This filing may contain forward-looking statements. These statements relate to
  future events or our future financial performance. In some cases, one can
  identify forward-looking statements by terminology. For example, "may", "will",
  "should", "expect", "plan", "anticipate", "believe", "estimate", "predict",
  "potential" or "continue", or the negative of these terms or other comparable
  terminology, indicate forward-looking statements. These statements are only
  predictions. Actual events or results may differ materially. In evaluating these
  statements, an investor should specifically consider various factors, including
  the risks outlined in the Risk Factors section of the Form 10-K filing of the
  Company, filed on or about March 30, 2001. These factors may cause our actual
  results to differ materially from any forward-looking statement.
  
  Although we believe the expectations reflected in the forward-looking statements
  are reasonable, we cannot guarantee future results, levels of activity,
  performance or achievements. We will not update any of the forward-looking
  statements after the date of this filing to conform them to actual results or to
  changes in our expectations that occur after the date of this filing, other than
  as required by law.
  
                                          2
  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 thereunto duly authorized.
  
                                Primecore Mortgage Trust, Inc.
  
                                By: /s/ MICHAEL RIDER
                                    --------------------------------------
                                    Michael Rider, Chief Financial Officer
  
                                          3