SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
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RESOURCES ACCRUED MORTGAGE INVESTORS L.P.-SERIES 86
(Name of Subject Company)
BIGHORN ASSOCIATES LLC
PRESIDIO CAPITAL INVESTMENT COMPANY, LLC
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(Bidders)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(Cusip Number of Class of Securities)
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David King
Presidio Capital Investment Company, LLC
527 Madison Avenue
New York, New York 10022
(212) 319-3400
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidders)
Copy to:
David J. Heymann
Post & Heymann, LLP
100 Jericho Quadrangle
Jericho, New York 11753
(516) 681-3636
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CALCULATION OF FILING FEE
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Transaction Valuation*: $3,256,000 Amount of Filing Fee: $651.20
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* For purposes of calculating the fee only. This amount assumes the purchase of
148,000 units of limited partnership interest ("Units") of the subject
partnership for $22 per Unit. The amount of the filing fee, calculated in
accordance with Section 14(g)(3) and Rule 0-11(d) under the Securities Exchange
Act of 1934, as amended, equals 1/50th of one percent of the aggregate of the
cash offered by the bidders.
(cover page 1 of 2)
<PAGE>
(cover page 2 of 2)
|x| Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the form or
schedule and the date of its filing.
Amount Previously Paid: $651.20
Form or Registration No.: 14D-1
Filing Party: Bighorn Associates LLC
Date Filed: November 17, 1999
<PAGE>
CUSIP No. NONE 14D-1/A Page 3
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1. Name of Reporting Persons; I.R.S. Identification Nos. of Above Persons
Bighorn Associates LLC
11-3516771
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2. Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
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4 Sources of Funds
WC
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f) |_|
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6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
None
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares |_|
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
0
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10. Type of Reporting Person
OO
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<PAGE>
CUSIP No. NONE 14D-1 Page 4
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1. Name of Reporting Persons; I.R.S. Identification Nos. of Above Persons
Presidio Capital Investment Company, LLC
06-1509220
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2. Check the Appropriate Box if a Member of a Group
(a) |_|
(b) |X|
- --------------------------------------------------------------------------------
3. SEC Use Only
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4 Sources of Funds
N/A
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(e) or 2(f) |_|
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
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7. Aggregate Amount Beneficially Owned by Each Reporting Person
3,199*
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8. Check if the Aggregate Amount in Row 7 Excludes Certain Shares |_|
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row 7
.97%
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10. Type of Reporting Person
CO
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* 1,389 units are owned by T-Two Partnership Acquisition Company, L.P. and
1,810 are owned by Presidio Partnership II Corp., both of which are
directly or indirectly 100% owned by Presidio Capital Investment Company,
LLC
<PAGE>
SCHEDULE 14D-1
This Amendment No. 2 amends the Tender Offer Statement on Schedule 14D-1
(the "Statement") filed with the Securities and Exchange Commission on November
17, 1999 as amended by Amendment No. 1 dated November 30, 1999, by Bighorn
Associates LLC, a Delaware limited liability company (the "Purchaser"), and
Presidio Capital Investment Company, LLC, relating to the tender offer by the
Purchaser to purchase up to 148,000 outstanding units of limited partnership
interest ("Units") of Resources Accrued Mortgage Investors L.P.-Series 86 (the
"Partnership"), at a purchase price of $22 per Unit, net to the seller in cash,
upon the terms and subject to the conditions set forth in the Offer to Purchase
dated November 17, 1999 (the "Offer to Purchase") and the related Letter of
Transmittal (which, together with any supplements or amendments, collectively
constitute the "Offer").
Item 10. ADDITIONAL INFORMATION.
Item 10(f) is hereby supplemented as follows:
The information set forth in Supplement No. 1 to the Offer to Purchase
attached hereto as Exhibit (a)(4) and the press release attached hereto as
Exhibit (a)(5) is incorporated by referenced herein.
ITEM 11. MATERIALS TO BE FILED AS EXHIBITS.
Item 11 is hereby supplemented by adding the following, a copy of which is
attached hereto as Exhibit:
(a)(4) Supplement No. 1 to Offer to Purchase dated December 14, 1999
(a)(5) Press Release dated December 14, 1999
5
<PAGE>
SIGNATURE
After due 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.
BIGHORN ASSOCIATES LLC
By: Presidio Capital Investment
Company, LLC, member
By /s/ David King
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David King
President
PRESIDIO CAPITAL INVESTMENT
COMPANY, LLC
By /s/ David King
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David King
President
Dated: December 14, 1999
6
SUPPLEMENT NO. 1 TO
OFFER TO PURCHASE FOR CASH
by Bighorn Associates LLC of
up to 148,000 units of limited partnership interest in
Resources Accrued Mortgage Investors L.P.-Series 86,
a Delaware Limited Partnership,
for $22 per unit in Cash
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OUR OFFER, WITHDRAWAL RIGHTS AND PRORATION PERIOD WILL EXPIRE AT
12:00 MIDNIGHT NEW YORK TIME, ON DECEMBER 31, 1999, UNLESS EXTENDED.
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On November 17, 1999, we offered to purchase up to 148,000 (44.85%) of the
outstanding units of limited partnership interest of Resources Accrued Mortgage
Investors L.P.-Series 86 ("your partnership") for a purchase price of $22 per
limited partnership interest, net to you in cash, without interest, upon the
terms and subject to the conditions set forth in our offer to purchase dated
November 17, 1999 and in the related letter of transmittal. Capitalized terms
used in this Supplement No. 1 that are not defined shall have the meaning given
such term in our offer to purchase.
The purpose of this Supplement No. 1 is to advise you that we have
extended the expiration date of our offer so that our offer will now expire at
12:00 midnight, New York time on December 31, 1999.
BIGHORN ASSOCIATES L.L.C.
December 14, 1999
December 14, 1999
Jericho, New York
FOR IMMEDIATE RELEASE
Bighorn Associates LLC has extended the expiration date of its offer to
purchase up to 148,000 of the outstanding units of limited partnership interest
in Resources Accrued Mortgage Investors L.P.-Series 86 for a purchase price of
$22 per limited partnership interest until 12:00 Midnight, New York City time,
on December 31, 1999. Approximately 22,514 Units had been deposited pursuant to
the offer as of the close of business on December 13, 1999.
For additional information, contact River Oaks Partnership Services, Inc.,
the Information Agent for the offer, at (877) 842-2412.
