CALLERS SCRIPT
RANCON REALTY FUND 5
- --------------------------------------------------------------------------------
Once contact has been established with the Limited Partner:
(Mr/Ms) Name, I represent your partnership, Rancon Realty Fund 5. We are calling
the limited partners in Fund 5 to confirm their receipt of the Proxy
Solicitation which was mailed on October 17th. Have you received the
solicitation?
Caller Response
If yes, then: (Mr/Ms) Name, our records indicate you hold (#) units in Fund 5.
Your partnership asked me to contact you and explain that this proxy is
regarding the final liquidation of Fund 5. If this proxy is approved, the
distribution of funds to the limited partners will be approximately $340 per
unit. The General Partner recommends you vote yes on this proxy for a variety of
reasons; the summary of which can be found in the cover letter of the
solicitation. If you have any further questions, or if you require assistance in
filling out the ballot, please contact Arlen Capital at (800) 891-4105.
If no, then: Would you mind if I checked your mailing address against our
records so that we can get a copy of this proxy out to you? Read back address
and note changes. (Mr./Ms.) Name, I will make certain a copy of this proxy gets
in the mail to to you immediately.
<PAGE>
LAW OFFICES
GIPSON HOFFMAN & PANCIONE
A PROFESSIONAL CORPORATION
1901 AVENUE OF THE STARS
SUITE 1100
LOS ANGELES, CALIFORNIA 90067-6002
(310) 556-4660
FAX (310) 556-8945
INTERNET E-MAIL: [email protected]
WRITERS' DIRECT
DIAL NUMBER:
November 5, 1997
Via EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Rancon Realty Fund V,
a California Limited Partnership
File No. 0-14207
Filing of Solicitation Materials
Ladies and Gentlemen:
Reference is made to the definitive Consent Solicitation Statement (the
"Statement") filed on behalf of the referenced Registrant with the Securities
and Exchange Commission on October 17, 1997.
Pursuant to Rule 14a-6(b), enclosed is a copy of a post card to be used as
solicitation materials in connection with the Statement.
If you have any questions regarding the foregoing, please contact the
undersigned.
Very truly yours,
/s/ Peter R. Pancione
---------------------
Peter R. Pancione
PRP/eba
Enclosures
G:\009\RANCON\FUND_IV.V\SCH_V.L2
cc: Daniel L. Stephenson
Robert H. S. Kirkpatrick
<PAGE>
----------------
(Graphic Rancon Realty Fund V FIRST CLASS
Omitted) c/o The Arlen Group U.S. POSTAGE
1650 Hotel Circle North, Suite 200 PAID
San Diego, CA 92108 REDWOOD CITY, CA
PERMIT NO. 688
Address Service Requested ----------------
REMEMBER TO VOTE
(Graphic All limited partners in Rancon Realty Fund V were recently sent a
Omitted) Consent Solicitation Statement (Proxy) and Consent Card regarding
the sale of the properties and the liquidation of the Partnership.
YOUR VOTE IS IMPORTANT
Please mail our Consent Card in the Business Reply Envelope provided with the
Proxy as soon as possible. Prompt response could save your Partnership the
substantial costs associated with a follow-up mailing.
VOTE TODAY!
The Arlen Group, an independent third-party, was hired by the General Partner to
provide information about the Proxy and to tabulate the vote.
NEED ANOTHER CARD? HAVE A QUESTION?
CALL (800) 891-4105
