UNITED STATES ~~SECURITIES AND EXCHANGE COMMISSION~~

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______________________

FORM 8-K

CURRENT REPORT ~~PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~April~~ PURSUANT TO SECTION 13 OR 15,(d) ~~2010~~ OF THE

~~Date~~ SECURITIES ofEXCHANGE ~~Report (Date~~ACT ofOF ~~earliest event reported)~~ 1934

September 27, 2010

(September 21, 2010)

Date of Report

(Date of earliest event reported)

True North Finance Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware (State or Other Jurisdiction of Incorporation) 333-129919 (Commission File Number) 20-3345780 (IRS Employer Identification No.)


Delaware	333-129919	20-3345780
(State or Other	(Commission File Number)	(IRS Employer
Jurisdiction of		Identification No.)
Incorporation)

4999 France Avenue South, Suite 248, Minneapolis, Minnesota 55410 ~~(Address of Principal Executive Offices) (ZIP Code)~~

~~Registrant’s~~(Address ~~telephone~~of ~~number,~~Principal ~~including~~Executive ~~area code: (952~~Offices) ~~358-6120~~ (~~Former~~ZIP ~~Name or Former Address, if Changed Since Last Report~~Code)

Registrant’s telephone number, including area code: (952) 358-6120

(Former Name or Former Address, if Changed Since Last Report)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Item 8.01 Other Events.

On ~~June 30~~September 21, 2010, ~~True North Finance Corporation (~~the ~~“Company”)~~SEC ~~executed~~filed a ~~Quit~~Complaint ~~Claim~~against ~~Bill of Sale conveying to CSMIF Liquidating Trust~~ the Company’s ~~interests~~ in ~~Capital~~the ~~Solutions~~federal ~~Monthly~~district ~~Income Fund,~~court LPfor ~~together~~the ~~with~~District ~~40,000,000~~ of ~~the~~Minnesota ~~Company’s~~as ~~preferred~~court ~~stock~~file no. ~~The~~10-CV-3995 ~~Company~~(DWF/JJK). As ~~did~~anticipated, ~~not~~and ~~receive cash~~as ~~consideration~~previously ~~for~~disclosed, the ~~Quit~~Complaint ~~Claim~~alleges ~~Bill~~that ~~of Sale. After~~ the Company ~~acquired~~violated ~~the~~Section ~~general~~17(a) ~~partner~~ of ~~Capital~~the ~~Solutions~~Securities ~~Monthly~~Act ~~Income~~of ~~Fund,~~1933 ~~L.P.~~ (~~the~~ “~~Fund~~Securities Act”) onand ~~June 30~~Sections 10(b), ~~2009~~13(a), ~~the~~13(b)(2)(A) ~~real~~and ~~estate assets~~13(b)(2)(B) ~~owned~~of by the ~~Fund~~Securities ~~had~~Exchange ~~been~~Act ~~reported~~of on1934 ~~the~~(“Exchange ~~Company’s~~Act”) ~~consolidated~~an ~~financial~~Rules ~~statements. Since~~10b-5, ~~acquiring~~12b-20, ~~the general partner~~13a-1, ~~the~~and ~~real~~13a-13 ~~estate~~thereunder. The ~~assets~~Complaint ~~held~~was byfiled ~~the Fund had a significant decrease~~ in ~~fair~~connection ~~market~~with ~~value.~~alleged ~~Recent~~violations ~~third-party appraisals showed a decrease in values~~ of ~~the real~~federal ~~estate~~securities ~~portfolio~~laws bystemming ~~approximately~~from ~~35% over~~ the ~~last~~accrual ~~12 months. As a result~~ of ~~the~~income ~~decline~~on ~~in value~~heretofore ofwritten-off ~~the~~ real estate ~~held~~loans. The byComplaint ~~the~~also ~~Fund,~~includes ~~the~~several ~~liabilities~~former ~~exceeded~~and ~~the~~current ~~fair~~officers ~~value~~ of the ~~assets immediately before the June 30, 2010 transaction~~Company.

Item 9.01. Financial Statements and Exhibits.

It is not practical to file the required pro forma financial information for the Company at this time. Accordingly, pursuant to Item 9.01(b)(2) of Form 8-K, the registrant will file such financial information under cover of Form 8-K/A as soon as practical, but not later than the date required by applicable law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TRUE NORTH FINANCE CORPORATION
Date: July 7, 2010	By:	/s/ Todd A. Duckson
September 27, 2010	By:	/s/
		TODD A. DUCKSON,
		TODD A. DUCKSON
		President of the Company

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