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. 2)
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INDEPENDENCE TAX CREDIT PLUS L.P.
(Name of Subject Company)
LEHIGH TAX CREDIT PARTNERS L.L.C.
(Bidder)
BENEFICIAL ASSIGNMENT CERTIFICATES
(Title of Class of Securities)
453780 10 8
(CUSIP Number of Class of Securities)
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J. Michael Fried
c/o Related Capital Company
625 Madison Avenue
New York, NY 10022
(212) 421-5333
Copy to:
Peter M. Fass
Battle Fowler LLP
75 East 55th Street
New York, NY 10022
(212) 856-7000
(Name, Address and Telephone Numbers 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
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$14,013,810 $2,802.77
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*For purposes of calculating the filing fee only. This amount assumes
the purchase of 19,197 Beneficial Assignment Certificates (representing
assignments of limited partnership interests) ("BACs") of the subject company
for $730 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: $2,802.77
Form or Registration No.: Schedule 14D-1
Filing Party: Lehigh Tax Credit Partners L.L.C.
Date Filed: May 30, 1997
(Continued on following pages)
(Page 1 of 6 pages)
<PAGE>
CUSIP No.: 453780 10 8 14D-1 Page 2 of 6
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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
Items 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
121 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.: 453780 10 8 14D-1 Page 3 of 6
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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
Items 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
121 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)
CO
<PAGE>
AMENDMENT NO. 2 TO SCHEDULE 14D-1
This Amendment No. 2 amends the Tender Offer Statement on Schedule
14D-1 filed with the Securities and Exchange Commission on May 30, 1997 by
Lehigh Tax Credit Partners L.L.C., a Delaware limited liability company ("the
Purchaser"), as amended by Amendment No. 1 dated June 30, 1997, relating to the
tender offer by the Purchaser to purchase up to 19,197 issued and outstanding
Beneficial Assignment Certificates ("BACs") representing assignments of limited
partnership interests ("Limited Partnership Interests") in Independence Tax
Credit Plus 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 10. Additional Information.
Item 10(f) is hereby supplemented and amended as follows:
The information set forth in the press release dated July 28, 1997, a
copy of which is attached hereto as Exhibit (a)(7), is incorporated herein in
its entirety by reference.
Item 11. Material to be Filed as Exhibits.
Item 11 is hereby supplemented and amended by adding the following, a
copy of which is attached hereto as an exhibit:
(a)(7) Press Release dated July 28, 1997.
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: July 28, 1997
LEHIGH TAX CREDIT PARTNERS L.L.C.
By: Lehigh Tax Credit Partners, Inc., its
managing member
By: /s/ Alan P. Hirnes
------------------------------------
Name: Alan P. Hirmes
Title: Vice President
LEHIGH TAX CREDIT PARTNERS, INC.
By: /s/ Alan P. Hirmes
---------------------------------------------
Name: Alan P. Hirmes
Title: Vice President
5
<PAGE>
EXHIBIT INDEX
EXHIBIT
NO. TITLE
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(a)(7) Press Release dated July 28, 1997.
6
Exhibit (a)(7)
FOR IMMEDIATE RELEASE
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Contact: The Herman Group, Inc.
800-243-6107
Attention: Sherri Herman
LEHIGH TAX CREDIT PARTNERS EXTENDS OFFER
NEW YORK, NEW YORK (July 28, 1997) -- LEHIGH TAX CREDIT PARTNERS L.L.C.
has announced that its offer to purchase Beneficial Assignment Certificates
("BACs") of Independence Tax Credit Plus L.P. (the "Partnership") for $730 per
BAC has been extended and is now scheduled to expire at 12:00 midnight, New York
City time, on August 15, 1997. As of the close of business on July 25, 1997,
8,567.5 BACs had been tendered to Lehigh Tax Partners and not withdrawn.
For additional information, contact The Herman Group, Inc., the
Information Agent for the Offer by Lehigh Tax Credit Partners, at 800-243-6107.
