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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 28, 2000
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Oxford Tax Exempt Fund II Limited Partnership
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(Exact name of registrant as specified in its charter)
Maryland 0-25600 52-1394232
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
7200 Wisconsin Avenue, Suite 1100, Bethesda, Maryland 20814
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(Address of principal executive offices)
(301) 654-3100
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Registrant's telephone number, including area code
N/A
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(Former name or former address, if changed since last report)
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OXFORD TAX EXEMPT FUND II LIMITED PARTNERSHIP
FORM 8-K
CURRENT REPORT
Item 1(b). Changes in control of registrant.
Oxford Tax Exempt Fund II Limited Partnership (the "Company"
or "OTEF") (AMEX: OTF), announced on June 28, 2000 that
Apartment Investment and Management Company ("AIMCO") (NYSE:
AIV) has agreed to acquire all of the stock of Oxford Realty
Financial Group, Inc. ("ORFG") that it does not already
own, as well as other interest in various Oxford entities.
ORFG is the parent company of OTEF's Managing General
Partner, Oxford Tax Exempt Fund II Corporation. Merrill
Lynch & Co. served as financial advisor to ORFG and its
affiliates with respect to this transaction. Although
closing of the transaction is expected to occur later this
year, no assurances can be given that all conditions to
closing will be satisfied.
Item 7. Exhibits
Exhibit 1 Press Release dated June 28, 2000.
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OXFORD TAX EXEMPT FUND II LIMITED PARTNERSHIP
FORM 8-K
CURRENT REPORT
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
Oxford Tax Exempt Fund II Limited Partnership
By: Oxford Tax Exempt Fund II
Corporation,
Managing General Partner of the
registrant
Date: July 13, 2000 By: /s/ Marc B. Abrams
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Marc B. Abrams,
Senior Vice President
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For Release 11:00 a.m. EDT
June 28, 2000
News Release
OXFORD TAX EXEMPT FUND ANNOUNCES OXFORD TRANSACTION
June 28, 2000 EDT
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BETHESDA, MARYLAND- June 28, 2000 - Oxford Tax Exempt Fund
II Limited Partnership (the "Company" or "OTEF") (AMEX: OTF),
announced that Apartment Investment and Management Company
("AIMCO") (NYSE: AIV) has agreed to acquire all of the stock of
Oxford Realty Financial Group, Inc. ("ORFG"), that it does not
already own, as well as other interests in various Oxford
entities. ORFG is the parent company of OTEF's Managing General
Partner, Oxford Tax Exempt Fund II Corporation (the "Managing
General Partner"). Merrill Lynch & Co. served as financial
advisor to ORFG and its affiliates with respect to this
transaction. Although closing of the transaction is expected to
occur later this year, no assurances can be given that all
conditions to closing will be satisfied.
AIMCO, a publicly-traded real estate investment trust
headquartered in Denver, Colorado, owns and manages a
geographically diversified portfolio of approximately 365,000
apartments and is one of the largest owners and managers of
apartment communities in the nation. AIMCO has substantial
experience with properties financed with tax-exempt bonds, and
currently serves as the property manager for 19 of the 21
apartment communities that collateralize the tax-exempt and
taxable debt held by OTEF.
Upon completion of this transaction, AIMCO will own the
Managing General Partner of OTEF. AIMCO will also own the
managing general partner interests in 20 of the 21 partnerships
whose apartment properties are collateral for OTEF's tax-exempt
and taxable debt. AIMCO has informed OTEF that AIMCO does not
intend to change OTEF's distribution policy.
The Company's business objective is to provide shareholders
with high tax-exempt dividends, plus income growth from
investments in tax-exempt mortgage revenue bonds, and related
debt and equity investments, secured principally by garden
apartment communities located in major U.S. growth markets. The
Company's bond investments are generally structured to enable the
Company to participate in any growth in the net operating income
and appreciation of the underlying properties.
Questions regarding transfer of BACs should be directed to
the Company's registrar and transfer agent at 1-800-368-5948.
Any other questions should be directed to the Company's Investor
Services group at 1-888-321-OTEF. Visit OTEF's website at
www.OTEF.com.
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For more information about AIMCO, visit AIMCO's website at
www.AIMCO.com.
This press release contains statements that are forward-
looking in nature and reflect management's current views with
respect to future events and financial performance. These
statements are subject to many uncertainties and risks and should
not be considered guarantees of financial performance. Actual
results may vary materially from these statements based on a
number of factors, including, among other things, the actual
performance of the properties pledged as collateral for the
Company's portfolio, general conditions in the local real estate
markets in which the properties are located and prevailing
interest rates.
