UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
SECURED INCOME L.P.
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(Name of Issuer)
Units of Limited Partnership Interest
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(Title of Class of Securities)
None
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(CUSIP Number)
July 10, 2000
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(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
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1) Name of Reporting Person
I.R.S. Identification Nos. of above persons (entities only)
MP INCOME FUND 11, L.P.
MP INCOME FUND 12, LLC
MP INCOME FUND 16, LLC
ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD.
ACCELERATED HIGH YIELD GROWTH FUND II, LTD.
ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD.
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3
MP-DEWAAY FUND, LLC
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP
MACKENZIE PATTERSON SPECIAL FUND, LLC
MACKENZIE PATTERSON SPECIAL FUND 3, LLC
MACKENZIE PATTERSON SPECIAL FUND 5, LLC
MP FALCON FUND, LLC
MP VALUE FUND 4, LLC
MP VALUE FUND 5, LLC
MP VALUE FUND 6, LLC
MACKENZIE PATTERSON, INC.
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2) Check the Appropriate Box (a) [ X ]
if a Member of a Group
(See Instructions) (b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization
MP INCOME FUND 11, L.P. California
MP INCOME FUND 12, LLC California
MP INCOME FUND 16, LLC California
ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD. Florida
ACCELERATED HIGH YIELD GROWTH FUND II, LTD. Florida
ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD. Florida
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3 California
MP-DEWAAY FUND, LLC California
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP California
MACKENZIE PATTERSON SPECIAL FUND 5, LLC California
MACKENZIE PATTERSON SPECIAL FUND, LLC California
MP FALCON FUND, LLC California
MP VALUE FUND 4, LLC California
MP VALUE FUND 5, LLC California
MP VALUE FUND 6, LLC California
MACKENZIE PATTERSON SPECIAL FUND 3, LLC California
MACKENZIE PATTERSON, INC. California
<PAGE>
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Number of Shares
Beneficially Owned
by Each Reporting
Person with :
(5) Sole Voting Power
The Reporting Persons beneficially own an aggregate of 160,502 Units of limited
partnership interest of the Issuer, or 16.3% of the total outstanding Units
reported by the Issuer as of the end of its most recent fiscal year at December
31, 1999. MacKenzie Patterson, Inc. is the manager or general partner of each of
the Reporting Persons, and therefore may be deemed to control voting and
disposition of the Units held by each Reporting Person. Each Reporting Person
may therefore be deemed to share ultimate voting and disposition power over the
aggregate number of Units held by all Reporting Persons, subject to any
extraordinary vote of each Reporting Person's members or limited partners, among
whom none is a controlling person of any Reporting Person and who are not
otherwise affiliated with one another.
(6) Shared Voting Power
The Reporting Persons beneficially own an aggregate of 160,502 Units of limited
partnership interest of the Issuer, or 16.3% of the total outstanding Units
reported by the Issuer as of the end of its most recent fiscal year at December
31, 1999. MacKenzie Patterson, Inc. is the manager or general partner of each of
the Reporting Persons, and therefore may be deemed to control voting and
disposition of the Units held by each Reporting Person. Each Reporting Person
may therefore be deemed to share ultimate voting and disposition power over the
aggregate number of Units held by all Reporting Persons, subject to any
extraordinary vote of each Reporting Person's members or limited partners, among
whom none is a controlling person of any Reporting Person and who are not
otherwise affiliated with one another.
(7) Sole Dispositive Power
The Reporting Persons beneficially own an aggregate of 160,502 Units of limited
partnership interest of the Issuer, or 16.3% of the total outstanding Units
reported by the Issuer as of the end of its most recent fiscal year at December
31, 1999. MacKenzie Patterson, Inc. is the manager or general partner of each of
the Reporting Persons, and therefore may be deemed to control voting and
disposition of the Units held by each Reporting Person. Each Reporting Person
may therefore be deemed to share ultimate voting and disposition power over the
aggregate number of Units held by all Reporting Persons, subject to any
extraordinary vote of each Reporting Person's members or limited partners, among
whom none is a controlling person of any Reporting Person and who are not
otherwise affiliated with one another.
(8) Shared Dispositive Power
The Reporting Persons beneficially own an aggregate of 160,502 Units of limited
partnership interest of the Issuer, or 16.3% of the total outstanding Units
reported by the Issuer as of the end of its most recent fiscal year at December
31, 1999. MacKenzie Patterson, Inc. is the manager or general partner of each of
the Reporting Persons, and therefore may be deemed to control voting and
disposition of the Units held by each Reporting Person. Each Reporting Person
may therefore be deemed to share ultimate voting and disposition power over the
aggregate number of Units held by all Reporting Persons, subject to any
extraordinary vote of each Reporting Person's members or limited partners, among
whom none is a controlling person of any Reporting Person and who are not
otherwise affiliated with one another.
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<PAGE>
9) Aggregate Amount Beneficially
Owned by Each Reporting Person
Units
MP INCOME FUND 11, L.P. 6,330
MP INCOME FUND 12, LLC 625
MP INCOME FUND 16, LLC 22,042
ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD. 2,574
ACCELERATED HIGH YIELD GROWTH FUND II, LTD. 2,200
ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD. 3,400
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3 12,218
MP-DEWAAY FUND, LLC 6,396
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP 6,250
MACKENZIE PATTERSON SPECIAL FUND, LLC 1,351
MACKENZIE PATTERSON SPECIAL FUND 3, LLC 7,300
MACKENZIE PATTERSON SPECIAL FUND 5, LLC 12,500
MP FALCON FUND, LLC 17,000
MP VALUE FUND 4, LLC 12,500
MP VALUE FUND 5, LLC 19,553
MP VALUE FUND 6, LLC 28,263
MACKENZIE PATTERSON, INC. ***
*** MacKenzie Patterson, Inc. may be deemed to be the beneficial owner of
the aggregate of 160,502 Units beneficially owned by the other
Reporting Persons, as it is the manager or general partner of each. It
does not have any pecuniary interest in such securities, and its
beneficial ownership is due solely to its management agreement with
each such Reporting Person.
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10) Check if the Aggregate Amount [ ]
in Row 9 Excludes Certain
Shares (See Instructions)
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11) Percent of Class Represented
by Amount in Row 9 16.3%
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12) Type of Reporting Person
(See Instructions)
Type
MP INCOME FUND 11, L.P. PN
MP INCOME FUND 12, LLC OO
MP INCOME FUND 16, LLC OO
ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD. PN
ACCELERATED HIGH YIELD GROWTH FUND II, LTD. PN
ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD. PN
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3 PN
MP-DEWAAY FUND, LLC OO
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP PN
MACKENZIE PATTERSON SPECIAL FUND, LLC OO
MACKENZIE PATTERSON SPECIAL FUND 3, LLC OO
3
<PAGE>
MACKENZIE PATTERSON SPECIAL FUND 5, LLC OO
MP FALCON FUND, LLC OO
MP VALUE FUND 4, LLC OO
MP VALUE FUND 5, LLC OO
MP VALUE FUND 6, LLC OO
MACKENZIE PATTERSON, INC. CO
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<PAGE>
Item 1.
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(a) The name of issuer as to whose securities this statement relates is
Secured Income L.P., a Delaware limited partnership (the "Issuer").
(b) The address of the Issuer's principal place of business is 599 W.
Putnam Avenue, Greenwich, Connecticut 06830.
Item 2.
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(a-c) MP INCOME FUND 11, L.P.; MP INCOME FUND 12, LLC MP INCOME FUND 16,
LLC; ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD.; ACCELERATED HIGH
YIELD GROWTH FUND II, LTD.; ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD.;
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3; MP-DEWAAY FUND, LLC;
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP; MACKENZIE PATTERSON
SPECIAL FUND, LLC; MACKENZIE PATTERSON SPECIAL FUND 3, LLC; MACKENZIE PATTERSON
SPECIAL FUND 5, LLC; MP FALCON FUND, LLC; MP VALUE FUND 4, LLC; MP VALUE FUND 5,
LLC; MP VALUE FUND 6, LLC; and MACKENZIE PATTERSON, INC. (the "Reporting
Persons") are the Reporting Persons. Each of the Reporting Persons other than
MacKenzie Patterson, Inc. is a private limited partnership or limited liability
company engaged in real estate investment and each is managed by MacKenzie
Patterson, Inc. The principal business address of each is 1640 School Street,
Moraga, California 94556. The state of organization of each Reporting Person is
set forth in Item 4 on the cover page opposite its name.
(d-3) The subject securities are the Issuer's Units of limited partnership
interest ("Units"). The Issuer does not have a CUSIP number.
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.
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(a-c) The Reporting Persons beneficially own an aggregate of 160,502 Units
of limited partnership interest of the Issuer, or 16.3% of the total outstanding
Units reported by the Issuer as of the end of its most recent fiscal year at
December 31, 1999. MacKenzie Patterson, Inc. is the manager or general partner
of each of the Reporting Persons, and therefore may be deemed to control voting
and disposition of the Units held by each Reporting person. Each Reporting
Person may therefore be deemed to share ultimate voting and disposition power
over the aggregate number of Units held by all Reporting Persons, subject to any
extraordinary vote of each Reporting Person's members or limited partners, among
whom there are no controlling persons and who are not otherwise affiliated with
one another. The number of Units beneficially owned by each of the Reporting
Persons, and the percentage of the Issuer's total outstanding Units represented
by such ownership is set forth in the following table:
5
<PAGE>
Units Percent
MP INCOME FUND 11, L.P. 6,330 0.64%
MP INCOME FUND 12, LLC 625 0.06%
MP INCOME FUND 16, LLC 22,042 2.23%
ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD. 2,574 0.26%
ACCELERATED HIGH YIELD GROWTH FUND II, LTD. 2,200 0.22%
ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD. 3,400 0.34%
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3 12,218 1.24%
MP-DEWAAY FUND, LLC 6,396 0.65%
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP 6,250 0.63%
MACKENZIE PATTERSON SPECIAL FUND, LLC 1,351 0.14%
MACKENZIE PATTERSON SPECIAL FUND 3, LLC 7,300 0.74%
MACKENZIE PATTERSON SPECIAL FUND 5, LLC 12,500 1.27%
MP FALCON FUND, LLC 17,000 1.73%
MP VALUE FUND 4, LLC 12,500 1.27%
MP VALUE FUND 5, LLC 19,553 1.99%
MP VALUE FUND 6, LLC 28,263 2.87%
MACKENZIE PATTERSON, INC. *** ***
*** MacKenzie Patterson, Inc. may be deemed to be the beneficial owner of
the aggregate of 160,502 Units beneficially owned by the other
Reporting Persons, as it is the manager or general partner of each. It
does not have any pecuniary interest in such securities, and its
beneficial ownership is due solely to its management agreement with
each such 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 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. Management authority over such securities is held by
MacKenzie Patterson, Inc.
Item 7. Identification and Classification of the Subsidiary Which
------ ---------------------------------------------------------
Acquired the Security Being Reported on By the Parent Holding
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Company.
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Not applicable.
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<PAGE>
Item 8. Identification and Classification of Members of the Group.
------ ---------------------------------------------------------
Not applicable.
Item 9. Notice of Dissolution of Group.
------ ------------------------------
Not applicable.
Item 10. Certification.
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By signing below, each of the undersigned certifies 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.
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: July 13, 2000
MP INCOME FUND 11, L.P.
By MacKenzie Patterson, Inc., General Partner
By: /s/ Christine Simpson
Christine Simpson, Vice President.
MP INCOME FUND 12, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
MP INCOME FUND 16, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS III, LTD.
By MacKenzie Patterson, Inc., General Partner
By: /s/ Christine Simpson
Christine Simpson, Vice President.
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<PAGE>
ACCELERATED HIGH YIELD GROWTH FUND II, LTD.
By MacKenzie Patterson, Inc., General Partner
By: /s/ Christine Simpson
Christine Simpson, Vice President.
ACCELERATED HIGH YIELD INSTITUTIONAL FUND I, LTD.
By MacKenzie Patterson, Inc., General Partner
By: /s/ Christine Simpson
Christine Simpson, Vice President.
PREVIOUSLY OWNED MORTGAGE PARTNERSHIPS INCOME FUND 3
By MacKenzie Patterson, Inc., General Partner
By: /s/ Christine Simpson
Christine Simpson, Vice President.
MP-DEWAAY FUND, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
SPECIFIED INCOME FUND, A CALIFORNIA LIMITED PARTNERSHIP
By MacKenzie Patterson, Inc., General Partner
By: /s/ Christine Simpson
Christine Simpson, Vice President.
MACKENZIE PATTERSON SPECIAL FUND, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
MACKENZIE PATTERSON SPECIAL FUND 3, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
8
<PAGE>
MACKENZIE PATTERSON SPECIAL FUND 5, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
MP FALCON FUND, LLC
By MacKenzie Patterson, Inc., Manager
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., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
MP VALUE FUND 6, LLC
By MacKenzie Patterson, Inc., Manager
By: /s/ Christine Simpson
Christine Simpson, Vice President
MACKENZIE PATTERSON, INC.
By: /s/ Christine Simpson
Christine Simpson, Vice President
9
