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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1/A
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)
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ANGELES PARTNERS IX
(Name of Subject Company)
BROAD RIVER PROPERTIES, L.L.C.
INSIGNIA PROPERTIES, L.P.
INSIGNIA PROPERTIES TRUST
INSIGNIA FINANCIAL GROUP, INC.
(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(Cusip Number of Class of Securities)
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JEFFREY P. COHEN
SENIOR VICE PRESIDENT
INSIGNIA FINANCIAL GROUP, INC.
375 PARK AVENUE
SUITE 3401
NEW YORK, NEW YORK 10152
(212) 750-6070
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
COPY TO:
JOHN A. HEALY, ESQ.
ROGERS & WELLS
200 PARK AVENUE
NEW YORK, NEW YORK 10166
(212) 878-8000
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This Amendment No. 3 amends and supplements the Tender Offer Statement on
Schedule 14D-1 originally filed with the Commission on April 13, 1998, as
amended by Amendment No. 1 filed with the Commission on April 24, 1998 and
Amendment No. 2 filed with the Commission on May 11, 1998 (the "Statement") by
Broad River Properties, L.L.C. (the "Purchaser"), Insignia Properties, L.P.
("IPLP"), Insignia Properties Trust ("IPT") and Insignia Financial Group, Inc.
("Insignia"), relating to the tender offer of the Purchaser to purchase up to
8,300 of the outstanding units of limited partnership interest (the "Units") of
Angeles Partners IX (the "Partnership") at a purchase price of $325 per Unit,
net to the seller in cash, upon the terms and subject to the conditions set
forth in the Offer to Purchase dated April 13, 1998 (the "Offer to Purchase")
and the related Assignment of Partnership Interest (which, together with any
supplements or amendments, collectively constitute the "Offer"). Capitalized
terms used but not defined herein have the meanings ascribed to them in the
Offer to Purchase and the Statement.
ITEM 10. ADDITIONAL INFORMATION.
(f) The Offer has been extended to 5:00 p.m., New York time, on Wednesday,
May 20, 1998. On May 18, 1998, the Purchaser issued a press release announcing
such extension and reporting that approximately 2,324 Units had been tendered
pursuant to the Offer to date. A copy of the press release has been filed as
Exhibit (a)(6) to this Amendment No. 3 and is incorporated herein by reference
in its entirety.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
(a)(6) Text of press release issued by the Purchaser on May 18, 1998.
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: May 18, 1998
BROAD RIVER PROPERTIES, L.L.C.
By: /s/ JEFFREY P. COHEN
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Jeffrey P. Cohen
Manager
INSIGNIA PROPERTIES, L.P.
By: Insignia Properties Trust,
its General Partner
By: /s/ JEFFREY P. COHEN
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Jeffrey P. Cohen
Senior Vice President
INSIGNIA PROPERTIES TRUST
By: /s/ JEFFREY P. COHEN
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Jeffrey P. Cohen
Senior Vice President
INSIGNIA FINANCIAL GROUP, INC.
By: /s/ FRANK M. GARRISON
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Frank M. Garrison
Executive Managing Director
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
- ----------- -----------
(a)(6) Text of press release issued by the Purchaser on May 18, 1998.
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EXHIBIT (A)(6)
BROAD RIVER PROPERTIES, L.L.C.
P.O. Box 19059
Greenville, SC 29602
CONTACT: Edward McCarthy of Beacon Hill Partners, Inc.
(212) 843-8500
FOR IMMEDIATE RELEASE
BROAD RIVER ANNOUNCEMENT
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GREENVILLE, SOUTH CAROLINA, May 18, 1998--Broad River Properties, L.L.C.
today announced that it has extended the expiration date of its outstanding
tender offers for limited partnership interests in Angeles Partners IX and
Angeles Partners XII. The expiration date for each tender offer has been
extended to 5:00 p.m., New York time, on Wednesday, May 20, 1998. The offers
were previously scheduled to expire at 5:00 p.m. on Friday, May 15, 1998.
Broad River reported, based on information provided by the depositary for
the offers, that as of the close of business on May 15, 1998, approximately
2,324 interests had been tendered pursuant to the Angeles IX offer and
approximately 7,943 interests had been tendered pursuant to the Angeles XII
offer.
For further information, please contact Beacon Hill Partners at (800)
854-9486, which is acting as the Information Agent for the offers.
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