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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)*
BROOKE GROUP LTD.
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(Name of Issuer)
Common Stock, Par Value $0.10 per share
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(Title of Class of Securities)
112525-10-0
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(CUSIP Number)
Michael D. Weiner, Esq. Daniel G. Kelly, Jr.
Apollo Advisors, L.P. Davis Polk & Wardwell
1999 Avenue of the Americas, Suite 1900 450 Lexington Avenue
Los Angeles, California 90067 New York, New York 10017
(310) 201-4100 (212) 450-4000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 1, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a Statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this Statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [ ]
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
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* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
SCHEDULE 13D
CUSIP No._______________ Page ____ of ____ Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIF II, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
4,150,000 Shares of Common Stock
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8 SHARED VOTING POWER
NUMBER OF SHARES -------------------------------------------------
BENEFICIALLY OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING PERSON WITH
4,150,000 Shares of Common Stock
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10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,150,000 Shares of Common Stock
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.5%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 2 of 7
<PAGE>
SCHEDULE 13D
CUSIP No._______________ Page ____ of ____ Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AIF II, L.P.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,150,000 Shares of Common Stock
--------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES --------------------------------------------
BENEFICIALLY OWNED BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING PERSON WITH
4,150,000 Shares of Common Stock
--------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,150,000 Shares of Common Stock
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 2 of 7
<PAGE>
This Amendment No. 1 amends and supplements the following Items of the
Statement on Schedule 13D (the "Schedule 13D") of AIF II, L.P. and Lion
Advisors, L.P. (collectively, the "Reporting Persons") originally filed on
March 27, 1998 with the Securities and Exchange Commission with respect to the
shares of Common Stock, par value $0.10 per share, of Brooke Group Ltd. (the
"Issuer"). Unless otherwise indicated, all capitalized terms used but not
defined herein have the meanings set forth in the Schedule 13D.
Responses to each item below are incorporated by reference into each other
item, as applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) Warrant B is exercisable from and after
November 1, 1999 for 2,150,000 shares of
Common Stock. Accordingly, the Reporting
Persons currently beneficially own within the
meaning of Rule 13d-3, by virtue of their
ownership of Warrant A and Warrant B, an
aggregate of 4,150,000 shares of Common
Stock, representing approximately 16.5% of
the issued and outstanding shares of Common
Stock (assuming exercise in full of Warrant A
and Warrant B), based on the Issuer having
issued and outstanding 20,943,730 shares of
Common Stock on August 13, 1999 (according to
the Issuer's most recent Quarterly Report on
Form 10-Q). The Reporting Persons will have
sole voting and dispositive power with
respect to the shares of Common Stock
acquired upon exercise of the warrants. The
foregoing does not include any adjustments
for the declaration or payment by the Issuer
of a 5% stock dividend on September 30, 1999
to holders of record on September 24, 1999.
(c), (d) and (e) None or not applicable.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: September 30, 1999
AIF II, L.P.
By: Apollo Advisors, L.P., its General Partner
By: Apollo Capital Management, Inc., its
General Partner
By: /s/ Michael D. Weiner
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Name: Michael D. Weiner
Title: Vice President, Apollo Capital
Management, Inc.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: September 30, 1999
LION ADVISORS, L.P.
By: /s/ Michael D. Weiner
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Name: Michael D. Weiner
Title: Vice President, Lion Capital
Management, Inc.
