RIVERSIDE PARK ASSOCIATES LP
SC TO-T/A, 2000-06-30
OPERATORS OF APARTMENT BUILDINGS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             -----------------------

                                 Amendment No. 2
                                       To
                                   SCHEDULE TO

         Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934
                             -----------------------

                  RIVERSIDE PARK ASSOCIATES LIMITED PARTNERSHIP
                            (Name of Subject Company)

     MP INCOME FUND 15, LLC; MP INCOME FUND 12, LLC; ACCELERATED HIGH YIELD
INSTITUTIONAL INVESTORS, LTD.; ACCELERATED HIGH YIELD INSTITUTIONAL FUND, LTD.;
      MORAGA FUND 1, L.P.; MACKENZIE PATTERSON, INC. AND MORAGA GOLD, LLC

                                    (Bidders)

                          LIMITED PARTNERSHIP INTERESTS
                         (Title of Class of Securities)

                                      NONE
                      (CUSIP Number of Class of Securities)
                             -----------------------
                                           Copy to:
Christine Simpson                          Paul J. Derenthal, Esq.
MacKenzie Patterson, Inc.                  Derenthal & Dannhauser
1640 School Street                         One Post Street, Suite 575
Moraga, California  94556                  San Francisco, California  94104
(925) 631-9100                             (415) 981-4844

                     (Name, Address and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

                            Calculation of Filing Fee

            Transaction                                Amount of
            Valuation*                                 Filing Fee

            $2,700,000                                    $540

*        For purposes of calculating  the filing fee only.  Assumes the purchase
         of 60 Units at a purchase  price equal to $45,000 per Unit in cash. The
         balance  payable after credit for the fee paid in the initial filing is
         $48.

[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:    $492
         Form or Registration Number: Schedule TO
         Filing Party: Above named bidders
         Date Filed: June 12, 2000; June 27, 2000





<PAGE>



[ ]      Check  the  box  if  the  filing   relates   solely  to  preliminary
         communications made before the commencement of a tender offer.

 Check the  appropriate  boxes below to designate any  transactions to which the
statement relates:

[X]      third party tender offer subject to Rule 14d-1.
[ ]      issuer tender offer subject to Rule 13e-4.
[ ]      going private transaction subject to Rule 13e-3
[ ]      amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]


<PAGE>



The  Schedule  TO filed  as of June 12,  2000 by the  above-named  bidders,  and
amended as of June 27,2000 is hereby further  amended as set forth below.  Items
not amended remain  unchanged,  and capitalized terms are used as defined in the
original Schedule.


                                  TENDER OFFER

         This Tender  Offer  Statement on Schedule TO relates to the offer by MP
INCOME  FUND  15,  LLC;  MP  INCOME  FUND  12,  LLC;   ACCELERATED   HIGH  YIELD
INSTITUTIONAL INVESTORS,  LTD.; ACCELERATED HIGH YIELD INSTITUTIONAL FUND, LTD.;
MORAGA FUND 1, L.P.; AND MORAGA GOLD, LLC  (collectively  the  "Purchasers")  to
purchase up to 60 limited partnership  interests (the "Units") in RIVERSIDE PARK
ASSOCIATES LIMITED  PARTNERSHIP,  a Delaware limited partnership (the "Issuer"),
the subject  company.  Mackenzie  Patterson,  Inc. is named as an offeror herein
because  it is  deemed  to  control  the  Purchasers,  but it is  not  otherwise
participating  in the offer described in this schedule.  By this amendment,  the
Purchasers  are extending the  Expiration  Date to July 24, 2000, and increasing
the  purchase  price to $45,000 per Unit,  less the amount of any  distributions
declared or made with  respect to the Units  between  June 12, 2000 and July 24,
2000 or such other date to which the  Expiration  Date may be further  extended,
upon the terms and subject to the  conditions set forth in the Offer to Purchase
dated  June 12,  2000  (the  "Offer  to  Purchase")  and the  related  Letter of
Transmittal

         The  information in the Offer to Purchase,  including all schedules and
annexes  thereto,  is  hereby  expressly  incorporated  herein by  reference  in
response  to all the  items of this  Statement,  except as  otherwise  set forth
below.

Item 12.          Exhibits.
                  --------

         (a)(7)   Form of Letter to Unitholders dated June 30, 2000

         (a)(8)   Press Release


<PAGE>



                                   SIGNATURES


         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.

Dated:   June 30, 2000

MP INCOME FUND 15, LLC

By MacKenzie Patterson, Inc., Manager

         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

ACCELERATED HIGH YIELD INSTITUTIONAL INVESTORS, LTD.

By MacKenzie Patterson, Inc., General Partner

         By:      /s/ Christine Simpson
                  Christine Simpson, Vice President

ACCELERATED HIGH YIELD INSTITUTIONAL FUND, LTD.

By MacKenzie Patterson, Inc., General Partner

         By:      /s/ Christine Simpson
                  Christine Simpson, Vice President

MORAGA FUND 1, L.P.

By Moraga Partners, Inc., General Partner

         By:      /s/ Christine Simpson
                  Christine Simpson, Vice President


MORAGA GOLD, LLC

By Moraga Partners, Inc., Manager

         By:      /s/ Christine Simpson
                  Christine Simpson, Vice President




MACKENZIE PATTERSON, INC.

By:      /s/ C. E. Patterson
         -------------------
         C.E. Patterson,  President



<PAGE>



                                  EXHIBIT INDEX


Exhibit           Description                                          Page

(a)(7)   Form of Letter to Unit holders dated June 30, 2000

(a)(8)   Press Release





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