<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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)
MLH Income Realty Partnership VI
- --------------------------------------------------------------------------------
(Name of Issuer)
Depositary Units Issued Upon Deposit of Limited Partnership Interests
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(Title of Class of Securities)
None
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(CUSIP Number)
Peter R. Pancione, Esq.
Gipson Hoffman & Pancione, P.C.
1901 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067
Telephone: (310) 556-4660
Facsimile: (310) 556-8945
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 15, 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 which is the subject of this Schedule 13D, and is filing this
schedule 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 13d7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 7 Pages
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SCHEDULE 13D
CUSIP No. None Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
Gale Island, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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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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NUMBER OF 7 SOLE VOTING POWER
SHARES 70
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 19,119
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 70
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,119
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,119
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
00
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<PAGE>
SCHEDULE 13D
CUSIP No. None Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
Lafayette Bay, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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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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NUMBER OF 7 SOLE VOTING POWER
SHARES 19,049
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 19,119
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 19,049
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,119
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,119
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
00
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<PAGE>
SCHEDULE 13D
CUSIP No. None Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
GLOBAL CAPITAL MANAGEMENT, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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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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NUMBER OF 7 SOLE VOTING POWER
SHARES 19,119
BENEFICIALLY ------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 19,119
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 19,119
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
19,119
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,119
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
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14 TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
CUSIP No. None Page 5 of 7 Pages
ITEM 1. SECURITY AND ISSUER
The title and class of securities are Depositary Units Issued upon
Deposit of Limited Partnership Interests ("Units") of MLH Income Realty
Partnership VI ("MLH"). MLH's principal executive offices are located at World
Financial Center, South Tower, 12th Floor, 225 Liberty Street ,New York, New
York 10080-6112.
The last known filing pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 is MLH's Annual Report on Form 10-K for the
fiscal year ended December 31, 1998. Based on such Report, the undersigned
believe there are 322,275 outstanding Units. The Units are not presently traded
on any national securities exchange.
ITEM 2. IDENTITY AND BACKGROUND
1) a) Name: Gale Island, LLC, a Delaware limited liability company
("Gale Island")
b) Business address: 601 Carlson Parkway, Suite 200, Minnetonka,
Minnesota 55305
c) Principal business: Investments
d) Criminal proceedings: none
e) Civil proceedings: none
2) a) Name: Lafayette Bay, LLC, a Delaware limited liability company
("Lafayette Bay")
b) Business address: 601 Carlson Parkway, Suite 200, Minnetonka,
Minnesota 55305
c) Principal occupation: Investments
d) Criminal proceedings: none
e) Civil proceedings: none
3) a) Name: Global Capital Management, Inc., a Delaware corporation
("GCM")
b) Business address: 601 Carlson Parkway, Suite 200, Minnetonka,
Minnesota 55305
c) Principal business: GCM is the general partner of EBF &
Associates, Limited Partnership, which is engaged in business to
make innovative non-traditional investments in financial
instruments. GCM is also the manager of Gale Island and
Lafayette Bay. As such GCM is solely responsible for the
management, policies and operations of Gale Island and Lafayette
Bay. GCM is controlled by its two officers and directors, John
D. Brandenborg and Michael J. Frey.
d) Criminal proceedings: none
e) Civil proceedings: none
4) a) Name: John D. Brandenborg
b) Business address: 601 Carlson Parkway, Suite 200, Minnetonka,
Minnesota 55305
c) Principal occupation: Director, President and Treasurer of GCM,
whose principal business and address are set forth in paragraph
3) above and incorporated herein by this reference.
d) Criminal proceedings: none
e) Civil proceedings: none
f) Citizenship: U.S.
5) a) Name: Michael J. Frey
b) Business address: 601 Carlson Parkway, Suite 200, Minnetonka,
Minnesota 55305
c) Principal occupation: Director, Chief Executive Officer and
Secretary of GCM, whose principal business and address are set
forth in paragraph 3) above and incorporated herein by this
reference.
d) Criminal proceedings: none
e) Civil proceedings: none
f) Citizenship: U.S.
<PAGE>
SCHEDULE 13D
CUSIP No. None Page 6 of 7 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
1) On April 15, 1999, Lafayette Bay received confirmation of the purchase
of 14,000 Units of MLH (approximately 4.34% of the outstanding Units) (such
purchase to be effective on and recorded on the books and records of MLH as of
April 1, 1999). Lafayette Bay used $1,330,000 of its cash on hand working
capital to purchase the Units.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the transaction was for investment purposes only and
not with any current plans or intentions of any other transaction regarding MLH
or the Units.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
1) a) Gale Island holds 70 Units of MLH, which represents approximately
.02% of the believed 322,275 Units outstanding. Gale Island, Lafayette Bay and
GCM hold 19,119 Units of MLH, which represents approximately 5.9% of the
believed 322,275 Units outstanding.
b) Gale Island, through its Manager, GCM, has the shared power with
GCM, to vote and dispose of the 70 Units of MLH it holds.
c) Not Applicable.
d) No other person is known to have the right to receive or the
power to direct the receipt of dividends or distributions from, or the proceeds
from the sale of the Units, except as indicated above.
e) Not Applicable.
2) a) Lafayette Bay holds 19,049 Units of MLH, which represents
approximately 5.9% of the believed 322,275 Units outstanding. Gale Island,
Lafayette Bay and GCM hold 19,119 Units of MLH, which represents
approximately 5.9% of the believed 322,275 Units outstanding.
b) Lafayette Bay through its manager GCM, has the shared power with
GCM, to vote and dispose of the 19,049 Units it holds.
c) On April 15, 1999, Lafayette Bay received confirmation that it
had purchased 14,000 Units of MLH, at a price of $95 per Unit (such purchase to
be effective on and recorded on the books and records of MLH as of April 1,
1999). The purchase was effected by GCM, as Lafayette Bay's manager, on the USA
Partnership Board by telephone, facsimile transmissions and the wiring of funds
to the USA Partnership Board on April 16, 1999.
d) No other person is known to have the right to receive or the
power to direct the receipt of dividends or distributions from, or the proceeds
from the sale of, the Units, except as indicated above.
e) Not Applicable.
3) a) GCM, as the manager of Gale Island and Lafayette Bay, Gale Island
and Lafayette Bay hold 19,119 Units of MLH which represents approximately 5.9%
of the believed 322,275 Units outstanding.
b) GCM has the shared power, as the manager of Gale Island and
Lafayette Bay, to vote and dispose of the 19,119 Units it holds.
c) Please refer to items 5.1)(c) and 5.2)(c) above which are
incorporated herein by this reference.
<PAGE>
SCHEDULE 13D
CUSIP No. None Page 7 of 7 Pages
d) No other person is known to have the right to receive or the
power to direct the receipt of dividends or distributions from, or the proceeds
from the sale of the Units, except as indicated above.
e) Not applicable.
ITEM 6. CONTRACTS, AGREEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A - Agreement to File Single Statement
SIGNATURE
After reasonable 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. This statement is being filed on behalf of all the parties
identified in Item 2 above.
Dated: April 22, 1999 LAFAYETTE BAY, LLC,
a Delaware limited liability company
By its Manager
Global Capital Management, Inc.,
a Delaware corporation
By: /s/ Michael J. Frey
----------------------------------------
Michael J. Frey, Chief Executive Officer
GALE ISLAND, LLC,
a Delaware limited liability company
By its Manager
Global Capital Management, Inc.,
a Delaware corporation
By: /s/ Michael J. Frey
----------------------------------------
Michael J. Frey, Chief Executive Officer
GLOBAL CAPITAL MANAGEMENT, INC.,
a Delaware corporation
By: /s/ Michael J. Frey
----------------------------------------
Michael J. Frey, Chief Executive Officer
<PAGE>
EXHIBIT A
AGREEMENT TO FILE SINGLE STATEMENT
This agreement is entered into the 22nd day of April, 1999, by and among
Lafayette Bay, LLC, a Delaware limited liability company, Gale Island, LLC, a
Delaware limited liability company, and Global Capital Management, Inc., a
Delaware corporation.
RECITALS
A. The parties hereto are aligned in interest regarding the ownership and
control of the Depositary Units Issued Upon Deposit of Limited Partnership
Interests of MLH Income Realty Partnership VI; and
B. The parties desire that a single Schedule 13D be filed on each of
their behalf.
NOW, THEREFORE, the parties agree that a single Schedule 13D shall be filed
on behalf of each of them by Lafayette Bay, LLC, and that all filing costs be
payable by Lafayette Bay, LLC.
IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement to file Single Statement as of the day and year first written
above.
LAFAYETTE BAY, LLC,
a Delaware limited liability company
By its Manager
Global Capital Management, Inc.,
a Delaware corporation
By: /s/ Michael J. Frey
----------------------------------------
Michael J. Frey, Chief Executive Officer
GALE ISLAND, LLC,
a Delaware limited liability company
By its Manager
Global Capital Management, Inc.,
a Delaware corporation
By: /s/ Michael J. Frey
----------------------------------------
Michael J. Frey, Chief Executive Officer
GLOBAL CAPITAL MANAGEMENT, INC.,
a Delaware corporation
By: /s/ Michael J. Frey
----------------------------------------
Michael J. Frey, Chief Executive Officer
A-1
