-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P+OS1WVYj/8py2YQprv5DtRZqNlpT2EDWFmmTpuXMem5Hv1Ewin1iHO/s5PkqvZN XKz50kfCNezfdkNXBEyD0g== 0000950134-07-009323.txt : 20070427 0000950134-07-009323.hdr.sgml : 20070427 20070427164639 ACCESSION NUMBER: 0000950134-07-009323 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20070427 DATE AS OF CHANGE: 20070427 GROUP MEMBERS: AIMCO GP INC GROUP MEMBERS: ANGELES REALTY CORPORATION II GROUP MEMBERS: APARTMENT INVESTMENT AND MANAGEMENT COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ANGELES INCOME PROPERTIES LTD II CENTRAL INDEX KEY: 0000711642 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 953793526 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53919 FILM NUMBER: 07796428 BUSINESS ADDRESS: STREET 1: 55 BEATTIE PLACE CITY: GREENVILLE STATE: SC ZIP: 29601 BUSINESS PHONE: 8642391141 MAIL ADDRESS: STREET 1: 55 BEATTIE PLACE CITY: GREENVILLE STATE: SC ZIP: 29601 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AIMCO PROPERTIES LP CENTRAL INDEX KEY: 0000926660 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 841275621 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 4582 S ULSTER ST PARKWAY STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 3037578101 MAIL ADDRESS: STREET 1: 4582 S ULSTER ST PARKWAY STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80237 SC TO-T/A 1 d44728a1sctovtza.htm AMENDMENT NO. 1 TO SCHEDULE TO sctovtza
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
SCHEDULE TO
(Rule 14d-100)
(Amendment No. 1)
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
Angeles Income Properties, Ltd. II
 
(Name of Subject Company (Issuer))
AIMCO Properties, L.P.
Apartment Investment and Management Company
AIMCO-GP, Inc.
Angeles Realty Corporation II
 
(Names of Filing Persons (Offerors))
Limited Partnership Units
 
(Title of Class of Securities)
None
 
(CUSIP Number of Class of Securities)
Martha L. Long
Apartment Investment and Management Company
55 Beattie Place
PO Box 1089
Greenville, South Carolina 29602
(864) 239-1000
 
(Name, Address, and Telephone Numbers of Person
Authorized to Receive Notices and Communications on Behalf of Filing Persons)
Copy to:
Jonathan L. Friedman, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
300 South Grand Avenue
Los Angeles, California 90071
(213) 687-5000
Calculation of Filing Fee
     
Transaction valuation*   Amount of filing fee
     
$3,169,795.90   $97.31
*   For purposes of calculating the fee only. This amount assumes the purchase of 29,884 units of limited partnership interest of the subject partnership for $106.07 per unit. Based on the current fee rate of $30.70 per million, the fee is $97.31.
þ Check the 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: $97.31
      Filing Party: AIMCO Properties, L.P.
 
       
Form or Registration No.: Schedule TO
      Date Filed: March 30, 2007
o Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
þ third-party tender offer subject to Rule 14d-1
o issuer tender offer subject to Rule 13e-4
o going-private transaction subject to Rule 13e-3
o amendment to Schedule 13D under Rule 13d-2
Check the following box if the filing is a final amendment reporting the results of the tender offer: o

 


TABLE OF CONTENTS

ITEM 1. SUMMARY TERM SHEET
ITEM 2. SUBJECT COMPANY INFORMATION
ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON
ITEM 4. TERMS OF THE TRANSACTION
ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS
ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS
ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY
ITEM 9. PERSONS/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED
ITEM 10. FINANCIAL STATEMENTS
ITEM 11. ADDITIONAL INFORMATION
ITEM 12. EXHIBITS
ITEM 13. INFORMATION REQUIRED BY SCHEDULE 13E-3
SIGNATURE
EXHIBIT INDEX
Press Release
Letter


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SCHEDULE TO
     This Amendment No. 1 amends and supplements the Tender Offer Statement on Schedule TO initially filed on March 30, 2007 (the “Schedule TO”) relating to the offer by AIMCO Properties, L.P., a Delaware limited partnership, to purchase units of limited partnership interest (“Units”) of Angeles Income Properties, Ltd. II, a California limited partnership (the “Partnership”), at a price of $106.07 per unit in cash, subject to the conditions set forth in the Offer to Purchase, dated March 30, 2007 (as amended or supplemented from time to time, the “Offer to Purchase”) and in the related Letter of Transmittal (as amended or supplemented from time to time, the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer”). The information in Exhibits (a)(1) and (a)(2) are incorporated by reference in response to Items 1-11 of this Schedule TO. The item numbers and responses thereto below are in accordance with the requirements of Schedule TO. Unless defined herein, capitalized terms used and not otherwise defined herein have the respective meanings ascribed to such terms in the Offer to Purchase.
ITEM 1. SUMMARY TERM SHEET.
     The information set forth under “Summary Term Sheet” in the Offer to Purchase is incorporated herein by reference.
ITEM 2. SUBJECT COMPANY INFORMATION.
          (a) The information set forth under “The Offer — Section 14. Certain Information Concerning Your Partnership” in the Offer to Purchase is incorporated herein by reference. The Partnership’s business address is 55 Beattie Place, P.O. Box 1089, Greenville, South Carolina 29602, and its phone number is (864) 239-1000.
          (b) This Schedule TO relates to the units of limited partnership interest of Angeles Income Properties, Ltd. II, of which 99,804 units were issued and outstanding as of December 31, 2006.
          (c) Not applicable.
ITEM 3. IDENTITY AND BACKGROUND OF FILING PERSON.
     (a)-(c) This Schedule TO is being filed by Apartment Investment and Management Company, a Maryland corporation (“Aimco”), AIMCO Properties, L.P., a Delaware limited partnership (“Aimco Operating Partnership”), AIMCO-GP, Inc., a Delaware corporation (“Aimco-GP”), and Angeles Realty Corporation II, a Delaware corporation (“Angeles Realty”). Aimco-GP is the general partner of the Aimco Operating Partnership and a wholly owned subsidiary of Aimco. Angeles Realty is the general partner of the Partnership and is a wholly owned subsidiary of Aimco. The principal business of Aimco, Aimco-GP, and the Aimco Operating Partnership is the ownership, acquisition, development, expansion and management of multi-family apartment properties. The principal business of Angeles Realty is managing the affairs of the partnership. The business address of Aimco, Aimco-GP and the Aimco Operating Partnership is 4582 South Ulster Street Parkway, Suite 1100, Denver, Colorado 80237, and their telephone number is (303) 757-8101. The principal address of Angeles Realty is 55 Beattie Place, P.O. Box 1089, Greenville, South Carolina 29602, and its phone number is (864) 239-1000.
     The information set forth under “The Offer — Section 8. Information Concerning Us and Certain of Our Affiliates” and Annex I of the Offer to Purchase is incorporated herein by reference.
     During the last five years, none of Aimco, Aimco-GP, the Aimco Operating Partnership or Angeles Realty nor, to the best of their knowledge, any of the persons listed in Annex I of the Offer to Purchase (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining further violations of or prohibiting activities subject to federal or state securities laws or finding any violation with respect to such laws.
ITEM 4. TERMS OF THE TRANSACTION.

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          (a) The information set forth in the Offer to Purchase and in the related Letter of Transmittal is incorporated herein by reference.
ITEM 5. PAST CONTACTS, TRANSACTIONS, NEGOTIATIONS AND AGREEMENTS.
     (a) and (b) The information set forth under “Summary Term Sheet — Conflicts of Interest”; “The Offer — Section 9. Background and Reasons for the Offer” and “The Offer — Section 11. Conflicts of Interest and Transactions with Affiliates” in the Offer to Purchase is incorporated herein by reference.
ITEM 6. PURPOSES OF THE TRANSACTION AND PLANS OR PROPOSALS.
     (a), (c)(1)-(7) The information set forth under “The Offer — Section 9. Background and Reasons for the Offer” and, “The Offer — Section 12. Future Plans of the Purchaser” and “The Offer — Section 7. Effects of the Offer; Effect on Trading Market; Registration under Section 12(g) of the Exchange Act in the Offer to Purchase” is incorporated herein by reference.
ITEM 7. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
     (a), (b) and (d) The information set forth under “The Offer — Section 16. Source of Funds” and “The Offer — Section 20. Fees and Expenses” in the Offer to Purchase is incorporated herein by reference.
ITEM 8. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
     The information set forth under “The Offer — Section 14. Certain Information Concerning Your Partnership; Ownership and Voting” in the Offer to Purchase is incorporated herein by reference.
ITEM 9. PERSONS/ASSETS, RETAINED, EMPLOYED, COMPENSATED OR USED.
     Not applicable.
ITEM 10. FINANCIAL STATEMENTS.
     Not applicable.
ITEM 11. ADDITIONAL INFORMATION.
          (a) The information set forth under “The Offer — Section 19. Certain Legal Matters” in the Offer to Purchase is incorporated herein by reference.
          (b) The information set forth in the Offer to Purchase and in the related Letter of Transmittal is incorporated herein by reference.
ITEM 12. EXHIBITS.
     
(a)(1)
  Offer to Purchase dated March 30, 2007 (previously filed).
 
(a)(2)
  Letter of Transmittal and related Instructions (previously filed).
 
(a)(3)
  Letter dated March 30, 2007 from Aimco Operating Partnership to the Limited Partners of Angeles Income Properties, Ltd. II (previously filed).
 
(a)(4)
  Press Release dated April 27, 2007.
 
(a)(5)
  Letter dated April 27, 2007 from Aimco Operating Partnership to the Limited Partners of Angeles Income Properties, Ltd. II.
 
(b)(1)
  Amended and Restated Secured Credit Agreement, dated as of November 2, 2004, by and among AIMCO, AIMCO Properties, L.P., AIMCO/Bethesda Holdings, Inc., and NHP Management Company as the borrowers and Bank of America, N.A., Keybank National Association, and the Lenders listed therein (Exhibit 4.1 to AIMCO’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2004, is incorporated herein by reference).
 
(b)(2)
  First Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of June 16, 2005, by and among Apartment Investment and Management Company, AIMCO Properties, L.P., AIMCO/Bethesda Holdings, Inc., and NHP Management Company as the borrowers, and Bank of America, N.A., Keybank National Association, and the lenders listed therein (Exhibit 10.1 to AIMCO’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 22, 2005, is incorporated herein by reference).

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(b)(3)
  Second Amendment to Amended and Restated Senior Secured Credit Agreement, dated as of March 22, 2006, by and among Apartment Investment and Management Company, AIMCO Properties, L.P., and AIMCO/Bethesda Holdings, Inc., as the borrowers, and Bank of America, N.A., Keybank National Association, and the lenders listed therein (Exhibit 10.1 to AIMCO’s Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2006, is incorporated herein by reference).
 
   
(d)
  Not applicable.
 
   
(g)
  None.
 
   
(h)
  None.
ITEM 13. INFORMATION REQUIRED BY SCHEDULE 13E-3.
     Not applicable.

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SIGNATURE
     After due inquiry and to the best of its knowledge and belief, the undersigned hereby certify that the information set forth in this statement is true, complete and correct.
Date: April 27, 2007
         
    APARTMENT INVESTMENT AND
MANAGEMENT COMPANY
 
       
 
  By: /s/ Martha L. Long 
 
     
 
    Martha L. Long
 
    Senior Vice President
 
       
    AIMCO-GP, INC.
 
       
 
  By: /s/ Martha L. Long 
 
     
 
    Martha L. Long
 
    Senior Vice President
 
       
    AIMCO PROPERTIES, L.P.
 
       
 
  By: AIMCO-GP, INC.
 
    Its General Partner
 
       
 
    By: /s/ Martha L. Long 
 
       
 
      Martha L. Long
 
      Senior Vice President
 
       
    ANGELES REALTY CORPORATION II
 
       
 
  By: /s/ Martha L. Long 
 
     
 
    Martha L. Long
 
    Senior Vice President

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EXHIBIT INDEX
     
Exhibit No.   Description
(a)(4)
  Press Release dated April 27, 2007.
 
   
(a)(5)
  Letter dated April 27, 2007 from the Aimco Operating Partnership to the Limited Partners of Angeles Income Properties, Ltd. II.

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EX-99.(A)(4) 2 d44728a1exv99wxayx4y.htm PRESS RELEASE exv99wxayx4y
 

Exhibit (a)(4)
CONTACT:   The Altman Group, Inc.
(800) 467-0821 (toll free)
FOR IMMEDIATE RELEASE
AIMCO PROPERTIES, L.P. ANNOUNCES INCREASE IN OFFER PRICE FOR TENDER OFFERS
AND EXTENSION OF EXPIRATION DATE
          DENVER, COLORADO, April 27, 2007 — AIMCO Properties, L.P. announced today that it has increased the offer price of its outstanding offers for limited partnership interests in Angeles Partners XII, Consolidated Capital Institutional Properties/2 and Shelter Properties II as summarized in the chart below. In accordance with the terms of the offers, the increased consideration will be paid for all units accepted for payment pursuant to each offer, whether or not the units were tendered prior to the increase in consideration.
          AIMCO Properties, L.P. has also extended the expiration date of its outstanding offers for limited partnership interests in Angeles Income Properties, Ltd. II, Angeles Partners XII, Consolidated Capital Institutional Properties/2, Century Properties Fund XIV and Shelter Properties II. The expiration date for each offer has been extended to midnight, New York City time, on May 30, 2007. The offers were previously scheduled to expire on April 27, 2007.
          As summarized below, AIMCO Properties L.P. reported, based on information provided by the Information Agent for the offers, the approximate number of units tendered in each offer as of the close of business on April 26, 2007.
                                   
 
        Approximate Number       Original Offer       Current Offer    
  Offer     of Units Tendered       Price       Price    
 
Angeles Income Properties, Ltd. II
      676       $ 106.07       $ 106.07    
 
Angeles Partners XII
      47       $ 412.16       $ 500.00    
 
Consolidated Capital Institutional Properties/2
      6,260.70       $ 6.53       $ 9.25    
 
Century Properties Fund XIV
      301       $ 30.72       $ 30.72    
 
Shelter Properties II
      60       $ 550.00       $ 600.00    
 
          For further information, please contact The Altman Group, Inc. at (800) 467-0821 (toll free), which is acting as the Information Agent for the Offers.

EX-99.(A)(5) 3 d44728a1exv99wxayx5y.htm LETTER exv99wxayx5y
 

EXHIBIT (a)(5)
AIMCO PROPERTIES, L.P.
c/o The Altman Group, Inc.
1200 Wall Street, 3rd Floor
Lyndhurst, NJ 07071
(800) 467-0821
April 27, 2007
Dear Limited Partner:
     We recently mailed you tender offer documents offering to purchase your units of limited partnership interest in Angeles Income Properties Limited II for $106.07 per unit in cash. Our offer was made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated March 30, 2007, and in the related Letter of Transmittal (collectively, together with any supplements or amendments, our “Offer”).
     We have extended our Offer until midnight, New York City time, on May 30, 2007, and have issued a press release announcing the extension. Our Offer was previously scheduled to expire on April 27, 2007.
     If you retain your units, you will continue to be a limited partner. If you elect to remain in the partnership until termination, you will continue to participate in the partnership distributions, if any, and the tax effects of the partnership’s results.
     If you have any questions, please contact the Information Agent, toll free, at (800) 467-0821.
         
  Sincerely,

AIMCO Properties, L.P.
 
 
     
     
     
 

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