SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
- --------------------------------------------------------------------------------
SCHEDULE 14D-1
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
(AMENDMENT NO. 3)
(FINAL AMENDMENT)
- --------------------------------------------------------------------------------
INDEPENDENCE TAX CREDIT PLUS L.P. II
(Name of Subject Company)
LEHIGH TAX CREDIT PARTNERS L.L.C.
LEHIGH TAX CREDIT PARTNERS, INC.
(Bidders)
BENEFICIAL ASSIGNMENT CERTIFICATES
(Title of Class of Securities)
45378B 10 4
(CUSIP Number of Class of Securities)
- --------------------------------------------------------------------------------
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.: 45378B 10 4 14D-1 Page 2 of 5
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LEHIGH TAX CREDIT PARTNERS L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
AF; BK
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
| |
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
4,427.65 Beneficial Assignment Certificates (representing assignments
of limited partnership interests)
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
(See Instructions)
| |
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
7.5%
- --------------------------------------------------------------------------------
10. Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No.: 45378B 10 4 14D-1 Page 3 of 5
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
LEHIGH TAX CREDIT PARTNERS, INC.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) { }
(b) {X}
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Sources of Funds (See Instructions)
AF; BK
- --------------------------------------------------------------------------------
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(e) or 2(f)
| |
- --------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
7. Aggregate Amount Beneficially Owned by Each Reporting Person
4,427.65 Beneficial Assignment Certificates (representing assignments
of limited partnership interests)
- --------------------------------------------------------------------------------
8. Check Box if the Aggregate Amount in Row (7) Excludes Certain Shares
(See Instructions)
| |
- --------------------------------------------------------------------------------
9. Percent of Class Represented by Amount in Row (7)
7.5%
- --------------------------------------------------------------------------------
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
November 10, 1997 by Lehigh Tax Credit Partners L.L.C., a Delaware limited
liability company (the "Purchaser"), as amended by Amendment No. 1 dated
December 5, 1997 and Amendment No. 2 dated December 16, 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. II, 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
4,342.65 BACs accepted for payment pursuant to the Offer, excluding related
fees and expenses, is approximately $3,148,421.25. 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 1,447.55 BACs
accepted for payment pursuant to the Offer, excluding related fees and expenses,
is approximately $1,049,473.75. 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 Wednesday,
December 31, 1997. Based on preliminary information provided by the Information
Agent/Depositary to the Purchaser and Everest, pursuant to the Offer, as of
12:00 Midnight, New York City time, on Wednesday, December 31, 1997, the
Purchaser and Everest accepted for payment an aggregate of 5,790.2 BACs.
Pursuant to the terms of the Offer and the Everest Agreement, the Purchaser
purchased approximately 75% of the accepted BACs, or 4,342.65 BACs, after
assigning to an affiliate of Everest Letters of Transmittal which represent the
tender of approximately 25% of the accepted BACs, or 1,447.55 BACs. Together
with the 85 BACs owned by the Purchaser prior to commencing the Offer, the
Purchaser owns 4,427.65 BACs, which constitute approximately 7.5% of the
outstanding BACs. Pursuant to the terms of the Offer and the Everest Agreement,
Everest accepted and purchased 1,447.55 BACs, which constitute approximately
2.5% of the outstanding BACs.
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: January 13, 1998
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
5
