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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 14D1/A
TENDER OFFER STATEMENT PURSUANT TO SECTION
14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
WNC Housing Tax Credit Fund III, L.P.
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(Name of Subject Company [Issuer])
Everest Tax Credit Investors, LLC
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(Bidder)
Units of Limited Partnership Interests
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(Title of Class of Securities)
None
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(CUSIP Number of Class of Securities)
Christopher K. Davis
Everest Properties II, LLC
199 S. Los Robles Ave., Suite 440
Pasadena, CA 91101
Telephone (800) 611-4613
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(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 Valuation: $900,000(1) Amount of Filing Fee: $180.00
(1) Calculated as the product of the number of Units on which the Offer is
made and the gross cash price per Unit.
[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: $180.00 Filing party: Everest Tax Credit Investors, LLC
Form or registration no.: SC14D-1 Date filed: May 12, 1998
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Schedule 14D-1
CUSIP No : None
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Everest Tax Credit Investors, LLC
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2. CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ ]
OF A GROUP* (b) [ ]
Not Applicable
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(e) OR 2(f) [ ]
Not Applicable
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
California
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7. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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8. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES [ ]
CERTAIN SHARES
Not Applicable
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9. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Not Applicable
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10. TYPE OF REPORTING PERSON*
OO
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AMENDMENT NO. 3 TO SCHEDULE 14D-1
This Amendment No. 3 amends the Tender Offer Statement on Schedule 14D-1
filed by Everest Tax Credit Investors, LLC, a California limited liability
company (the "Purchaser") with the Securities and Exchange Commission on May 12,
1998, relating to the Purchaser's offer to purchase up to 1,500 units of limited
partnership interests ("Units") in WNC Housing Tax Credit Fund III, L.P. (the
"Partnership") upon the terms and subject to the conditions set forth in the
Offer to Purchase, dated May 12, 1998, and the related Agreement of Transfer and
Letter of Transmittal. Capitalized terms used but not defined herein have the
meaning ascribed to them in the Offer to Purchase. The Offer is hereby amended
to include the information below.
ITEM 10. ADDITIONAL INFORMATION.
(f) The Offer to Purchase, under the caption "DETAILS OF THE OFFER - 7.
Conditions of the Offer" is hereby amended to read:
"7. Conditions of the Offer. Notwithstanding any other term of the
Offer, the Purchaser will not be required to accept for payment
or, subject to any applicable rules and regulations of the
Commission, including Rule 14e-1(c) under the Exchange Act
(relating to a bidder's obligation to pay for or return tendered
securities promptly after the termination or withdrawal of such
bidder's offer), to pay for any Units tendered if all
authorizations, consents, orders of, or filings with, or
expirations of waiting periods imposed by, any court,
administrative agency or other governmental authority necessary
for the consummation of the transactions contemplated by the
Offer shall not have occurred or been filed, or obtained.
Furthermore, notwithstanding any other term of the Offer, the
Purchaser will not be required to accept for payment or, subject
to the aforesaid, pay for any Units, may delay the acceptance for
payment of the Units tendered, or may withdraw the Offer if, at
any time on or after the date of the Offer and before the
acceptance of such Units for payment or the payment therefor, any
of the following conditions exists:"
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SIGNATURE
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 16, 1998
EVEREST TAX CREDIT INVESTORS, LLC
By: EVEREST PROPERTIES II, LLC,
Manager
By: /s/ David I. Lesser
David I. Lesser
Executive Vice President
