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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. 2)
WNC California Housing Tax Credits 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: $899,500(1) Amount of Filing Fee: $179.90
(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: $179.90 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. 2 TO SCHEDULE 14D-1
This Amendment No. 2 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 1,799 units of limited
partnership interests ("Units") in WNC California Housing Tax Credits 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 has been extended to 6:00pm, New York City time on June 18,
1998. On June 15, 1998, the Purchaser issued a press release
announcing such extension and reporting that the number of Units
tendered pursuant to the Offer would not be available to the Purchaser
until the offer expires and the General Partner confirms to the
Purchaser the Units owned by Unit Holders that tendered under the
Offer. A copy of such press release is filed as Exhibit 11(a)(5),
which is incorporated herein by reference.
ITEM 11. MATERIAL TO BE FILED AS EXHIBITS.
11(a)(5) Press release issued by Purchaser on June 15, 1998.
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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 15, 1998
EVEREST TAX CREDIT INVESTORS, LLC
By: EVEREST PROPERTIES II, LLC,
Manager
By: /s/ David I. Lesser
David I. Lesser
Executive Vice President
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EXHIBIT INDEX
Exhibit No. Description
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11(a)(5) Press release issued by Purchaser on June 15, 1998.
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EVEREST TAX CREDIT INVESTORS, LLC
199 S. Los Robles Ave., Suite 440
Pasadena, CA 91101
CONTACT: Chris Davis or Stacey McClain of Everest Properties II, LLC
(626)585-5920
FOR IMMEDIATE RELEASE
PASADENA, CALIFORNIA, June 15, 1998 - Everest Tax Credit Investors, LLC
today announced that it has extended the expiration date of its outstanding
tender offer for limited partnership interests in WNC California Housing Tax
Credits III, L.P. The expiration date for the tender offer has been extended to
6:00 p.m., New York City time, on Thursday, June 18, 1998. The offer was
previously scheduled to expire at 12:00 Midnight on Monday, June 15, 1998.
Everest reported that the number of limited partnership interests tendered
pursuant to the offer would not be available to Everest until the offer expires
and the general partner confirms to Everest the interests owned by limited
partners that tendered under the offer.
For further information, please contact Everest Properties at (800)
611-4613.
