Exhibit (a)(4)
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[Published September 13, 2000 in Investors Business Daily]
This announcement is neither an offer to buy nor a solicitation of an offer to
sell Units. The Offer is being made solely by the formal Offer to Purchase
forwarded to Unit holders of record and is not being made to, nor will tenders
be accepted from or on behalf of, Unit holders residing in any jurisdiction in
which making or accepting the Offer would violate that jurisdiction's laws. In
those jurisdictions where the securities, blue sky or other laws require the
Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be
made on behalf of Purchasers only by one or more registered dealers licensed
under the laws of such jurisdiction.
Notice of Offer to Purchase for Cash
up to 8,000 Assignee Units of Limited Partnership Interest ("Units") of
OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP, a Maryland limited
partnership (the "Partnership") at a price of $650 per Unit, by: MACKENZIE
PATTERSON , INC.; MP FALCON GROWTH FUND, LLC; MACKENZIE SPECIFIED INCOME FUND,
L.P.; MACKENZIE FUND VI, L.P. ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS,
L.P.; ACCELERATED HIGH YIELD INSTITUTIONAL FUND, L.P.; MP VALUE FUND 7, LLC; MP
VALUE FUND 5, LLC; MP SPECIAL FUND 5, LLC; and MP DEWAAY FUND, LLC
(collectively the "Purchasers")
The Purchasers are offering to purchase for cash up to 8,000 Units held by the
Unit holders of OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP (the
"Partnership") at $650 per Unit upon the terms and subject to the conditions set
forth in Purchasers' Offer to Purchase and in the related Letter of Transmittal
(which together constitute the "Offer" and the "Tender Offer Documents").
THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, PACIFIC DAYLIGHT TIME,
ON OCTOBER 25, 2000, UNLESS THE OFFER IS EXTENDED.
Funding for the purchase of the Units will be provided through the
Purchasers' existing working capital. The Offer is not made for the purpose of
acquiring or influencing control of the business of the issuer. The Offer will
expire at 12:00 midnight, Pacific Standard Time on October 25, 2000, unless and
until Purchasers, in their sole discretion, shall have extended the period of
time for which the Offer is open (such date and time, as extended the
"Expiration Date"). The Purchasers will not provide a subsequent offering period
following the Expiration Date. If Purchasers make a material change in the terms
of the Offer, or if they waive a material condition to the Offer, Purchasers
will extend the Offer and disseminate additional tender offer materials to the
extent required by Rules 14d-4(c) and 14d-6(d) under the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). The minimum period during which an
offer must remain open following any material change in the terms of the Offer,
other than a change in price or a change in percentage of securities sought or a
change in any dealer's soliciting fee, will depend upon the facts and
circumstances including the materiality of the change with respect to a change
in price or, subject to certain limitations, a change in the percentage of
securities ought or a change in any dealer's soliciting fee. A minimum of ten
business days from the date of such change is generally required to allow for
adequate dissemination to Unit holders. Accordingly, if prior to the Expiration
Date, Purchasers increase (other than increases of not more than two percent of
the outstanding Units) or decrease the number of Units being sought, or increase
or decrease the consideration offered pursuant to the Offer, and if the Offer is
scheduled to expire at any time earlier than the period ending on the tenth
business day from the date that notice of such increase or decrease is first
published, sent or given to Unit holders, the Offer will be extended at least
until the expiration of such ten business days. For purposes of the Offer, a
"business day" means any day other than a Saturday, Sunday or federal holiday
and consists of the time period from 12:01 a.m. through 12:00 midnight, Pacific
Standard Time. In all cases payment for the Units purchased pursuant to the
Offer will be made only after timely receipt of the Letters of Transmittal (or
facsimiles thereof), properly completed and duly executed, with any required
signature guarantees, and any other documents required by such Letters of
Transmittal.
Tenders of Units made pursuant to the Offer are irrevocable, except that Unit
holders who tender their Units in response to the Offer will have the right to
withdraw their tendered Units at any time prior to the Expiration Date by
sending to MacKenzie Patterson, Inc. a written or facsimile transmission notice
of withdrawal identifying the name of the person who tendered Units to be
withdrawn, signed by the same persons and in the same manner as the Letter of
Transmittal tendering the Units to be withdrawn. In addition, tendered Units may
be withdrawn at any time on or after November 12, 2000, unless the tender has
theretofore been accepted for payment as provided above.
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If tendering Unit holders tender more than the number of Units that Purchasers
seek to purchase pursuant to the Offer, Purchasers will take into account the
number of Units so tendered and take up and pay for as nearly as may be pro
rata, disregarding fractions, according to the number of Units tendered by each
tendering Unit holder during the period during which the Offer remains open. The
terms of the Offer are more fully set forth in the formal Tender Offer Documents
which are available from Purchasers at the Purchasers' expense. The Offer
contains terms and conditions and the information required by Rule 14d-6(d)(1)
under the Exchange Act which are incorporated herein by reference. The Tender
Offer Documents contain important information which should be read carefully
before any decision is made with respect to the Offer.
The Tender Offer Documents may be obtained by written request to Purchasers
or as set forth below. A request has been made to the Partnership pursuant to
Rule 14d-5 under the Exchange Act for the use of its list of Unit holders for
the purpose of disseminating the Offer to Unit holders. Upon compliance by the
Partnership with such request, the Tender Offer Documents and, if required,
other relevant materials will be mailed at the Purchasers' expense to record
holders of Units, brokers, banks and similar persons whose names appear or whose
nominee appears on the list of securities holders, or persons who are listed as
participants in a clearing agency's security position listing, for subsequent
transmittal to beneficial owners of Units.
For Copies of the Tender Offer Documents Call Purchasers at 1-800-854-8357
or Make a Written Request Addressed to 1640 School Street, Moraga, California
94556
September 13, 2000
