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. 3)
(FINAL AMENDMENT)
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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)
(Continued on following pages)
(Page 1 of 5 pages)
<PAGE>
Cusip No.: 453780 10 8 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
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
6,879.475 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)
9.0%
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10. Type of Reporting Person (See Instructions)
OO
<PAGE>
Cusip No.: 453780 10 8 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
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
6,879.475 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)
9.0%
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10. Type of Reporting Person (See Instructions)
CO
<PAGE>
AMENDMENT NO. 3 (FINAL AMENDMENT) TO SCHEDULE 14D-1
This Amendment No. 3 (Final Amendment) 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 and
Amendment No. 2 dated July 28, 1997, relating to the tender offer by the
Purchaser to purchase Beneficial Assignment Certificates ("BACs") representing
assignments of 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 4. Source and Amount of Funds or Other Consideration.
Item 4(a) is hereby supplemented and amended as follows:
The total amount of funds required by the Purchaser to purchase 6,758.475
BACs accepted for payment pursuant to the Offer, excluding related fees and
expenses, is approximately $4,933,686.75. The Purchaser has obtained or will
obtain such funds through a loan from one of its members.
The total amount of funds required by Everest to purchase 2,252.825 BACs
accepted for payment pursuant to the Offer, excluding related fees and expenses,
is approximately $1,644,562.25. Everest has notified the Purchaser that it
obtained, or will obtain, such funds from capital contributions from the
members of an affiliate of Everest.
Item 6. Interest in Securities of the Subject Company.
Item 6(a)-(b) is hereby supplemented and amended as follows:
The Offer expired at 12:00 Midnight, New York City time, on Friday, August
15, 1997. Based on preliminary information provided by the Depositary to the
Purchaser and Everest, pursuant to the Offer, as of 12:00 Midnight, New York
City time, on Friday, August 15, 1997, the Purchaser and Everest accepted for
payment an aggregate of 9,011.3 BACs. Pursuant to the terms of the Offer and the
Everest Agreement, the Purchaser purchased 75% of the accepted BACs, or
6,758.475 BACs, after assigning to an affiliate of Everest Letters of
Transmittal which represent the tender of 25% of the accepted BACs, or 2,252.825
BACs. Together with the 121 BACs owned by the Purchaser prior to commencing the
Offer, the Purchaser owns 6,879.475 BACs, which constitute approximately 9.0% of
the outstanding BACs. Pursuant to the terms of the Offer and the Everest
Agreement, Everest accepted and purchased 2,252.825 BACs, which constitute
approximately 2.9% of the outstanding BACs.
4
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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: August 22, 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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