Filed Pursuant to
Registration No. 333-41435
(TO PROSPECTUS DATED DECEMBER 10, 1997)
SERIES A TCI GROUP COMMON STOCK
SERIES A TCI VENTURES GROUP COMMON STOCK
Toronto Dominion (New York), Inc. ("TD") will use this prospectus
supplement and the prospectus to which it relates in connection with the sale of
up to 4,935,780 shares (the "TCOMA Maximum Amount") of Tele-Communications, Inc.
Series A TCI Group Common Stock, $1.00 par value ("TCOMA"), and up to 1,171,800
shares (the "TCIVA Maximum Amount") of Tele-Communications, Inc. Series A TCI
Ventures Group Common Stock, $1.00 par value ("TCIVA"). If the TCOMA Maximum
Amount and the TCIVA Maximum Amount is sold, TD will hold no shares of TCOMA or
TCIVA acquired pursuant to the Swap Facility or the Master Agreement described
under "Shares Being Offered and Selling Stockholder(s)" in the prospectus to
which this prospectus supplement relates.
On February 10, 1999, TD sold 200,000 shares of TCIVA at $24.7188 per
share. TD sold the aforementioned shares of TCIVA through Lehman Brothers Inc.
as agent. TD paid $2,000 in commissions to Lehman Brothers Inc. in connection
with such sales of TCIVA. In connection with such sales TD also received
commissions of $.04 per share from the Company for each share of TCIVA sold.
These commissions may be deemed to be underwriting commissions under the
Securities Act of 1933. Immediately following the sales described above, TD
owned 8,608,823 shares of TCOMA (which represents approximately 1.8% of the
outstanding shares of TCOMA) and 5,397,762 shares of TCIVA (which represents
approximately 1.4% of the outstanding shares of TCIVA).
Within the past three years, TD and/or affiliates thereof have:
(1) established existing credit facilities for the Company and its
affiliates having an aggregate principal amount of approximately
(2) entered into various swap transactions with the Company and its
subsidiaries having an aggregate notional amount of approximately
$689.4 million, which notional amount as of February 10, 1999 was
approximately $568 million; and
(3) established credit facilities for the Company's affiliates having an
aggregate principal amount of approximately $192 million, which
facilities have since terminated.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The date of this Prospectus Supplement is February 11, 1999
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