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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13E-4
(Amendment No. 1)
Final Amendment
Issuer Tender Offer Statement
(Pursuant to Section 13(e)(1) of the Securities
Exchange Act of 1934)
TARGET INCOME FUND, INC.
(Name of Issuer and Name of Person (s) Filing Statement)
Common Stock, $.0l Par Value
(Title of Class of Securities)
87611K103
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(CUSIP Number of Class of Securities)
Jon LaVine
LaVine & Associates
26691 Plaza Drive, Ste. 222
Mission Viejo, California 92691
(714) 367-1935
(Name, Address, Telephone Number of Person Authorized to Receive Notices
and Communications on Behalf of the Person(s) Filing Statement)
With copies to:
Michael B. Jeffers, Esq.
Jeffers, Wilson & Shaff, LLP
18881 Von Karman Avenue, Suite 1400
Irvine, California 92612
(714) 660-7700
March 12, 1997
(Date Tender Offer First Published,
Sent or Given to Security Holders)
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This Amendment No. 1 amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4 (the "Statement") dated March 12, 1997, relating to
the tender offer of Target Income Fund, Inc. (the "Issuer") to purchase all of
its outstanding common stock, par value $.01 per share (the "Shares") for cash
at a price equal to the net asset value per Share ("NAV") determined as of the
close of the New York Stock Exchange on the day the Offer terminates, plus
accrued dividends and all sales charges paid by each Shareholder in acquiring
the Shares, upon the terms and subject to the conditions set forth in the Offer
to Purchase dated March 12, 1997 (the "Offer to Purchase") and the related
Letter of Transmittal (which together constituted the "Offer"). Copies the Offer
to Purchase and the Letter of Transmittal were filed as Exhibit (a)(1)(A) and
(a)(1)(b), respectively, to the Statement.
Item 8. Additional Information
Item 8(e) is hereby supplemented and amended as follows:
On April 3, 1997, the Issuer terminated and completed the Offer,
pursuant to which the Issuer accepted for payment 1,117,436.737 Shares at a net
asset value of $10.00 per share, plus accrued dividends to the date of tender
and all sales charges paid by each investor. Following the completion of the
Offer, the Issuer has a total of 10 shares of common stock outstanding, all
owned by one shareholder. The Issuer now intends to liquidate and dissolve under
Maryland law.
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.
TARGET INCOME FUND, INC.
By /s/ Jon LaVine, President
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Jon LaVine, President
Dated: April 17, 1997
