UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
McNeil Real Estate Fund XX, LP
---------------------------------------
(Name of Issuer)
Limited Partnership Units
---------------------------------------
(Title of Class of Securities)
None
------------------
(CUSIP Number)
December 15, 1997
-------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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 ("Act") 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).
(Continued on following pages(s))
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
Accelerated High Yield Growth Fund I, Ltd.
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
250.4 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
250.4 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person PN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
Accelerated High Yield Income Fund II, Ltd.
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
701.896 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
701.896 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person PN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
Citadel Secondary Market Fund, L.P.
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
500 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
500 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person PN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
Finova Capital Corporation
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
127.16 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
127.16 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person CO
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
MP Value Fund 4, LLC
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
10 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
10 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person OO
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
MP Value Fund 5, LLC
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
700 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
700 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person OO
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
MacKenzie Specified Income Fund, Ltd.
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
180 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
180 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person PN
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
Moraga Gold, LLC
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
500 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
500 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person OO
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13G
- --------------------------------------------------------------------------------
1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
MacKenzie Patterson, Inc.
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a) X
if a Member of a Group ----------------------------
(See Instructions) (b)
----------------------------
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially Owned
by Each Reporting None
Person with
(6) Shared Voting Power
2969.456 Limited Partnership Units
(7) Sole Dispositive Power
None
(8) Shared Dispositive Power
2969.456 Limited Partnership Units
- -------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
2,969.456 Limited Partnership Units
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row 9 5.997%
- --------------------------------------------------------------------------------
12) Type of Reporting Person CO
(See Instructions)
- --------------------------------------------------------------------------------
<PAGE>
Item 1.
- ------
(a) The name of issuer as to whose securities this statement relates is
McNeil Real Estate Fund XX, LP (the "Issuer").
(b) The address of the Issuer's principal place of business is 13760 Noel
Road, Suite 600, LB70, Dallas, Texas 75240.
Item 2.
- -------
(a-e) Accelerated High Yield Growth Fund I, Ltd., Accelerated High Yield
Income Fund II, Ltd., Citadel Secondary Market Fund, L.P., Finova Capital
Corporation, MP Value Fund 4, LLC, MP Value Fund 5, LLC, MacKenzie Specified
Income Fund, Ltd., Moraga Gold, LLC, MacKenzie Patterson, Inc. (the "Reporting
Persons"), are advised or managed by MacKenzie Patterson, Inc., a California
Corporation ("MPI") or its affiliates, and file this statement with respect to
the Issuer's limited partnership units. MPI is the general partner of
Accelerated High Yield Growth Fund I, Ltd.; Accelerated High Yield Income Fund
II, Ltd.; and MacKenzie Specified Income Fund, Ltd. An affiliate of MPI is the
investment adviser of Finova Capital Corporation and Citadel Secondary Market
Fund, L.P. MPI is the manager of MP Value Fund 4, LLC and MP Value Fund 5, LLC,
and an affiliate of MPI, Moraga Partners, Inc., is the manager of Moraga Gold,
LLC. MPI and its affiliates act for these entities only in the exercise of the
duties of their respective offices for each entity. C.E. Patterson and Berniece
Patterson, husband and wife are the controlling shareholders of MPI, and each of
them is a United States citizen. The principal business address of MPI and the
Reporting Persons is 1640 School Street, Moraga, California, 94556. The
Reporting Persons acquired the subject securities in the ordinary course of
their business of securities investment and not with the purpose or effect of
changing or influencing control of the issuer or in connection with or as a
participant in any transaction having that purpose or effect. The reporting
persons are not aware of any CUSIP number for the Issuer.
<PAGE>
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
- ------ (c) check whether the person filing is a:
(a-j) Not applicable.
Item 4. Ownership.
- ------ ---------
(a-c) The Reporting Persons will have voting and disposition power as
follows:
Reporting Person Number of Units
- ---------------- ---------------
Accelerated High Yield Growth Fund I, Ltd. 250.4
Accelerated High Yield Income Fund II, Ltd. 701.896
Citadel Secondary Market Fund, L.P. 500
Finova Capital Corporation 127.16
MP Value Fund 4, LLC 10
MP Value Fund 5, LLC 700
MacKenzie Specified Income Fund, Ltd. 180
Moraga Gold, LLC 500
MacKenzie Patterson, Inc. 2,969.456
In each case other than MPI itself, MPI or a commonly controlled affiliate
will share voting and dispositon power as general partner, manager or investment
advisor with the equity owners of the Reporting Person.
Item 5. Ownership of Five Percent or Less of a Class.
- ------ --------------------------------------------
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
- ------ ---------------------------------------------------------------
The subject shares are all owned by the Reporting Persons other than MPI on
behalf of their respective equity owners. No person's interest in any Reporting
Person represents ownership of in excess of 5% of the class outstanding. None of
the Reporting Persons' equity owners has any direct ownership or control of the
subject securities. MacKenzie Patterson, Inc. controls each of the Reporting
Persons in accordance with their organizational agreements, and manages the
Reporting Persons in consideration of certain management fees.
Item 7. Identification and Classification of the Subsidiary Which
- ------ ---------------------------------------------------------
Acquired the Security Being Reported on By the Parent Holding
-------------------------------------------------------------
Company.
-------
Not applicable.
Item 8. Identification and Classification of Members of the Group.
- ------ ---------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group.
- ------ ------------------------------
Not applicable.
Item 10. Certification.
- ------- -------------
By signing below, the undersigned certify that, to the best of its
knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief
of the undersigned, we certify that the information set forth in this
statement is true, complete and correct.
Date: September 15, 1999
ACCELERATED HIGH YIELD GROWTH FUND I, LTD.
By MacKenzie Patterson, Inc.
General Partner
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
ACCELERATED HIGH YIELD INCOME FUND II, LTD.
By MacKenzie Patterson, Inc.
General Partner
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
MP VALUE FUND 4, LLC
By MacKenzie Patterson, Inc.
Manager
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
MP VALUE FUND 5, LLC
By MacKenzie Patterson, Inc.
General Partner
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
MACKENZIE SPECIFIED INCOME FUND, LTD.
By MacKenzie Patterson, Inc.
General Partner
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
MACKENZIE PATTERSON, INC.
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
MORAGA GOLD, LLC
By Moraga Partners, Inc.
Manager
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
CITADEL SECONDARY MARKET FUND, L.P.
By Patterson Financial Services, Inc.
Investment Adviser
By: /s/ CHRISTINE SIMPSON
Christine Simpson, Vice President
FINOVA CAPITAL CORPORATION
By: /s/ JAMES V. O'NEIL
James V. O'Neil, Assistant Vice President
