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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.1)
Revenue Properties Company Limited
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
761389402
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(CUSIP Number)
Mr. Dori J. Segal
Centrefund Realty Corporation
55 University Avenue, Suite 910
Toronto, Ontario, Canada M5J 2H7
(416) 504-4114
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
August 18, 2000
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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
[_].
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13D
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CUSIP No. 761389402 Page 1 of
Pages
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(1) Name of Reporting Person
Centrefund Realty Corporation
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(2) Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
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(3) SEC Use Only
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(4) Source of Funds
N/A.
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(5) Check box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e). [_]
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(6) Citizenship or Place of Organization
ONTARIO, CANADA
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(7) Sole Voting Power
6,700,371
Number of ----------------------------------------------
Shares Beneficially (8) Shared Voting Power
Owned 0
by Each ----------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 6,700,371
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by each
Reporting Person 6,700,371
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(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [X]
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(13) Percent of Class Represented by Amount in Row (11) 10.3%
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(14) Type of Reporting Person (See Instructions) CO
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13D
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CUSIP No. 761389402 Page 2 of
Pages
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(1) Name of Reporting Person
Gazit 1997 Inc.
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(2) Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
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(3) SEC Use Only
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(4) Source of Funds
N/A.
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(5) Check box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e). [_]
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(6) Citizenship or Place of Organization
ONTARIO, CANADA
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(7) Sole Voting Power
188,900
Number of ----------------------------------------------
Shares Beneficially (8) Shared Voting Power
Owned 6,700,371
by Each ----------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 188,900
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(10) Shared Dispositive Power
6,700,371
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(11) Aggregate Amount Beneficially Owned by each
Reporting Person 6,899,271
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(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [X]
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(13) Percent of Class Represented by Amount in Row (11) 10.6%
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(14) Type of Reporting Person (See Instructions) CO
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13D
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CUSIP No. 761389402 Page 3 of
Pages
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(1) Name of Reporting Person
Gazit-Globe (1982) Ltd.
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(2) Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
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(3) SEC Use Only
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(4) Source of Funds
N/A.
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(5) Check box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e). [_]
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(6) Citizenship or Place of Organization
ISRAEL
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(7) Sole Voting Power
0
Number of ----------------------------------------------
Shares Beneficially (8) Shared Voting Power
Owned 6,889,271
by Each ----------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 0
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(10) Shared Dispositive Power
6,889,271
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(11) Aggregate Amount Beneficially Owned by each
Reporting Person 6,899,271
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(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [X]
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(13) Percent of Class Represented by Amount in Row (11) 10.6%
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(14) Type of Reporting Person (See Instructions) CO
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13D
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CUSIP No. 761389402 Page 4 of
Pages
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(1) Name of Reporting Person
Chaim Katzman
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(2) Check the Appropriate Box if a Member of a Group (a) [_]
(b) [_]
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(3) SEC Use Only
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(4) Source of Funds
N/A.
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(5) Check box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e). [_]
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(6) Citizenship or Place of Organization
UNITED STATES AND ISRAEL
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(7) Sole Voting Power
0
Number of ----------------------------------------------
Shares Beneficially (8) Shared Voting Power
Owned 6,889,271
by Each ----------------------------------------------
Reporting (9) Sole Dispositive Power
Person With 0
----------------------------------------------
(10) Shared Dispositive Power
6,889,271
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(11) Aggregate Amount Beneficially Owned by each
Reporting Person 6,899,271
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(12) Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) [X]
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(13) Percent of Class Represented by Amount in Row (11) 10.6%
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(14) Type of Reporting Person (See Instructions) IN
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This Amendment No. 1 amends the Statement on Schedule 13D filed with
the Securities and Exchange Commission on March 1, 1999 by Centrefund Realty
Corporation (such Schedule, as so amended, being the "Schedule 13D").
Item 1. Security and Issuer.
Item 1 of the Schedule 13D is hereby amended in its entirety to read as
follows:
"The class of securities to which this statement relates is the common
shares (the "Shares"), without par value of Revenue Properties Company
Limited ("Revenue Properties"), an Ontario, Canada corporation. The
address of the principal executive office of Revenue Properties is 131
Bloor Street West, Suite 300, Toronto, Ontario, M5S 1R1, Canada."
Item 2. Identity and Background.
Item 2 of the Schedule 13D is hereby amended in its entirety to read as
follows:
"This statement is being jointly filed by the following (collectively,
the "Reporting Persons"):
(i) Centrefund Realty Corporation ("Centrefund"), a public company
incorporated under the laws of Ontario, Canada and listed on
the Toronto Stock Exchange. The principal business address and
principal office address of Centrefund is 55 University
Avenue, Suite 910, Toronto, Ontario, Canada M5J 2H7;
(ii) Gazit 1997 Inc. ("Gazit 1997"), a corporation incorporated
under the laws of Ontario, Canada. The principal business
address and principal office address of Gazit 1997 is 55
University Avenue, Suite 910, Toronto, Ontario, Canada M5J
2H7;
(iii) Gazit-Globe (1982) Ltd. ("Gazit-Globe"), a public company
incorporated under the laws of Israel and traded on the Tel
Aviv Stock Exchange. The principal business address and
principal office address of Gazit - Globe is 1st Hashalom
Street, Tel Aviv, Israel 67892. Gazit-Globe directly owns
Gazit 1997 and indirectly controls Centrefund; and
(iv) Chaim Katzman, an individual, with his principal business
address at 1600 N.E. Miami Gardens Drive, Suite 200, North
Miami Beach, Florida 33179. Mr. Katzman is Chairman, President
and Chief Executive Officer of Equity One, Inc., a real estate
investment trust organized under the laws of the State of
Maryland which owns, develops and manages community and
neighborhood shopping centers. Mr. Katzman indirectly controls
Gazit 1997 and Centrefund. Mr. Katzman is a citizen of the
United States and Israel.
During the last five years, none of the Reporting Persons has been (a)
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (b) a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a
result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
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activities subject to, federal or state securities laws or finding any
violation with respect to such laws."
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended in its entirety to read as
follows:
"Pursuant to a take-over bid announced on June 13, 2000, Gazit
Acquisition Corp. ("Gazit Acquisition"), a corporation incorporated
under the laws of Ontario, Canada and a wholly-owned subsidiary of
Gazit 1997, took up and paid for 10,800,000 of the common shares of
Centrefund on August 18, 2000, at a price of Cdn.$13.25 per common
share of Centrefund. As at August 18, 2000, Gazit 1997 already owned
2,166,500 common shares of Centrefund. As a result of the completion of
Gazit Acquisition's bid, Gazit Acquisition, Gazit 1997 and Gazit-Globe
became beneficial owners of approximately 84% of the common shares of
Centrefund, and Gazit 1997, Gazit-Globe and Chaim Katzman each became
indirect beneficial owners of the Shares of Revenue Properties owned by
Centrefund.
Centrefund acquired the Shares of Revenue Properties to make an
investment in a business similar to its own at a price that Centrefund
considered to be advantageous. The Reporting Persons intend to review,
on a continuous basis, various factors related to their direct or
indirect investment, as the case may be, in Revenue Properties,
including Revenue Properties' real estate assets, the price and
availability of the Shares of Revenue Properties, subsequent
developments affecting Revenue Properties' business, other investment
and business opportunities available to the Reporting Persons and
general stock market and economic conditions. Based upon these and
other factors, the Reporting Persons may decide to purchase additional
Shares or may decide in the future to sell all or part of its
investment in Revenue Properties. The Reporting Persons have not
formulated any plans or proposals with respect to their current or
future ownership interests in Revenue Properties, but may do so in the
future."
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended in its entirety to read as
follows:
"(a) The aggregate number and percentage of the Shares of the
issuer (the securities identified pursuant to Item 1 of this
Schedule 13D) that are beneficially owned by each of the
Reporting Persons is set forth in boxes 11 and 13 of the
second part of the cover page to this Schedule 13D for each of
the Reporting Persons, and such information is incorporated
herein by reference.
(b) The numbers of Shares as to which each of the Reporting
Persons has sole voting power, shared voting power, sole
dispositive power and shared dispositive power are set forth
in boxes 7, 8, 9 and 10, respectively, on the second part of
the cover page to this Schedule 13D, and such information is
incorporated herein by reference.
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(c) The only purchases of the issuer's Shares by the Reporting
Persons during the last 60 days are as follows. On June 30,
2000, Gazit 1997 purchased 16,500 Shares at a price of
Cdn.$2.15 per Share in a brokered transaction on the Toronto
Stock Exchange. On July 24, 2000, Gazit 1997 purchased 5,000
Shares at a price of Cdn.$2.00 per Share in a brokered
transaction on the Toronto Stock Exchange. On July 25, 2000,
Gazit 1997 purchased 5,000 Share at a price of Cdn.$1.96 per
Share in a brokered transaction on the Toronto Stock Exchange.
(d) No person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from
the sole of the issuer's common shares held by the reporting
person other than each of the Reporting Persons.
(e) Not applicable."
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended in its entirety to read as
follows:
"To the best of knowledge of the Reporting Persons, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
between the persons enumerated in Item 2 and any other person with respect to
any securities of the Company, including, but not limited to, transfer or voting
of any of the securities, finder's fees, joint ventures, loan or option
arrangements, put or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies."
Item 7. Material to be Filed as Exhibits.
Item 7 of the Schedule 13D is hereby amended in its entirety to read as
follows:
"The following are filed herewith as exhibits:
Exhibit 1: Power of Attorney executed by Gazit-Globe (1982) Ltd."
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SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, such person certifies that the information set forth in this
Statement with respect to such person is true, complete and correct.
IN WITNESS WHEREOF, the undersigned has executed this instrument as of
the 31st day of August, 2000.
CENTREFUND REALTY CORPORATION
By:
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Title: President
GAZIT 1997 INC.
By:
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Title: President
GAZIT-GLOBE (1982) LTD.
By:
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Title: Attorney-in-fact
CHAIM KATZMAN
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POWER OF ATTORNEY
GAZIT-GLOBE (1982) LTD. hereby appoints DORI J. SEGAL, President of
Centrefund Realty Corporation its true and lawful attorney-in-fact and agent,
with full power of substitution and revocation, for it, and in its name and
place, to execute, prepare and file with the Securities and Exchange Commission
any Schedule 13D, any amendments thereto or any related documentation which may
be required to be filed; and to take any other action with respect thereto, as
such foregoing individual deems in his or her discretion to be advisable, and
granting unto said attorney-in-fact and agent, full power and authority to do
and perform each and every act and thing necessary or incident to the
performance and execution of the power herein expressly granted.
GAZIT-GLOBE (1982) LTD.
By: /s/ Dori J. Segal
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Name: Dori J. Segal
Title: Chief Executive Officer
By: /s/ Gil Kotler
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Name: Gil Kotler
Title: Chief Financial Office
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