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. 4)
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LIBERTY TAX CREDIT PLUS III L.P.
(Name of Subject Company)
LEHIGH TAX CREDIT PARTNERS L.L.C.
(Bidder)
BENEFICIAL ASSIGNMENT CERTIFICATES
(Title of Class
of Securities)
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531280 30 3
(CUSIP Number of Class
of Securities)
J. Michael Fried
c/o Related Capital Company
625 Madison Avenue
New York, NY 10022
Copies to:
Peter M. Fass
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications on Behalf of Bidder)
Calculation of Filing Fee
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Transaction Amount of
Valuation* Filing Fee
----------- ----------
$10,325,000 $2,065
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*For purposes of calculating the filing fee only. This amount
assumes the purchase of 17,500 Beneficial Assignment Certificates (representing
assignments of limited partnership interests) ("BACs") of the subject company
for $590 per BAC in cash.
(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 date
of its filing.
Amount previously paid: $2,065
Form or registration no.: Schedule 14D-1
Filing party: Lehigh Tax Credit Partners L.L.C.
Date filed: April 10, 1997
(Continued on following pages)
(Page 1 of 5 pages)
<PAGE>
Cusip No.: 531280 30 3 14D-1 Page 2 of 5
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LEHIGH TAX CREDIT PARTNERS L.L.C.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; BK
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 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
95 Beneficial Assignment Certificates (representing assignments
of limited partnership interests)
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8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
Less than 1%
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10. Type of Reporting Person (See Instructions)
OO
<PAGE>
Cusip No.: 531280 30 3 14D-1 Page 3 of 5
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LEHIGH TAX CREDIT PARTNERS, INC.
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
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3. SEC Use Only
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4. Sources of Funds (See Instructions)
AF; BK
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5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 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
95 Beneficial Assignment Certificates (representing assignments
of limited partnership interests)
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes
Certain Shares (See Instructions)
/ /
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9. Percent of Class Represented by Amount in Row (7)
Less than 1%
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10. Type of Reporting Person (See Instructions)
CO
<PAGE>
AMENDMENT NO. 4 TO SCHEDULE 14D-1
This Amendment No. 4 amends the Tender Offer Statement on Schedule 14D-1
filed with the Securities and Exchange Commission on April 10, 1997 by Lehigh
Tax Credit Partners L.L.C., a Delaware limited liability company (the
"Purchaser"), as amended by Amendment No. 1 dated April 24, 1997, Amendment No.
2 dated May 5, 1997 and Amendment No. 3 dated May 9, 1997, relating to the
tender offer by the Purchaser to purchase up to 17,500 issued and outstanding
Beneficial Assignment Certificates ("BACs") representing assignments of limited
partnership interests ("Limited Partnership Interests") in Liberty Tax Credit
Plus III L.P., a Delaware limited partnership (the "Partnership"), to include
the information set forth below. Terms not otherwise defined herein shall have
the meanings ascribed to them in the Schedule 14D-1 and the Offer to Purchase.
Item 8. Persons Retained, Employed or to be Compensated.
Item 8 is hereby supplemented and amended as follows:
Section 16 of the Offer to Purchase is hereby amended and restated in
its entirety as follows:
Except as set forth in this Section 16, the Purchaser will not pay any
fees or commissions to any broker, dealer or other person for soliciting tenders
of BACs pursuant to the Offer. The Purchaser has retained Related Capital
Company, its affiliate and an affiliate of RCP, to act as Depositary in
connection with the Offer. The Purchaser has retained The Herman Group, Inc. to
act as Information Agent in connection with the Offer. The Purchaser will pay to
the Depositary and Information Agent reasonable and customary compensation for
their services, plus reimbursement for certain reasonable out-of-pocket
expenses, and has agreed to indemnify each against certain liabilities and
expenses in connection therewith, including certain liabilities under the
federal securities laws. The Purchaser will also pay all costs and expenses of
printing and mailing the Offer and its legal fees and expenses.
Item 10. Additional Information.
Item 10(f) is hereby supplemented and amended as follows:
All references to the Depositary shall now refer to Related Capital
Company. All references to the Information Agent shall now refer to The Herman
Group, Inc., which can be reached by telephone at (800) 243-5532 or by mail at
2121 San Jacinto Street, 26th Floor, Dallas, Texas 75201.
4
<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: May 15, 1997
LEHIGH TAX CREDIT PARTNERS L.L.C.
By: Lehigh Tax Credit Partners,
Inc., its managing member
By: /s/ Alan P. Hirmes
--------------------
Name: Alan P. Hirmes
Title: Vice President
LEHIGH TAX CREDIT PARTNERS, INC.
By: /s/ Alan P. Hirmes
---------------------
Name: Alan P. Hirmes
Title: Vice President
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