Dow Jones Description
Krupp Government Income Trust II (the "Trust") is a Massachusetts business trust
that was formed on February 8, 1991 and is authorized to sell up to 25,000,000
shares of beneficial interest (the "Shares"). Berkshire Realty Advisors Limited
Partnership acquired 10,000 of such Shares and 18,315,158 Shares were sold under
the Trust's public offering for $365,686,058, net of purchase volume discounts
of $617,102. On December 29, 1994, Berkshire Mortgage Advisors Limited
Partnership (the "Advisor") acquired Berkshire Realty Advisors Limited
Partnership's 10,000 Shares and assumed the role of the Advisor to the Trust.
Under the Dividend Reinvestment Plan ("DRP") of the Trust, 46,319 Shares were
sold for $880,061. The remaining 6,628,523 Shares are available for general
Trust purposes. The Trust has utilized the net proceeds from the public offering
and the DRP to acquire participating insured mortgages ("PIMs"), participating
insured mortgage investments ("PIMIs") and mortgage-backed securities ("MBS").
The Trust considers itself to be engaged in only one industry segment,
investment in mortgages.
