SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.___)
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] | Preliminary Proxy Statement | |
[ ] | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | |
[ ] | Definitive Proxy Statement | |
[X] | Definitive Additional Materials | |
[ ] | Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12 |
REAL ESTATE ASSOCIATES LIMITED VI
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REAL ESTATE ASSOCIATES LIMITED VI
PROTECT YOUR INVESTMENT
October 29, 2001
Dear Limited Partners:
On October 5, 2001, Bond Purchase, L.L.C. extended the solicitation for the second time to November 15, 2001. Contrary to the assertions by Bond Purchase, NAPICO has not delayed the solicitation. In fact, nothing could be further from the truth. We want this to end as much as you do so that the Partnership can avoid further costs associated with its mailings in this solicitation. Bond Purchase has the power to end this solicitation and, as we see it, it refuses to do so.
Bond Purchase still cannot describe the numerous questionable transactions it continues to allude to. On October 5, 2001, Bond Purchase told you that NAPICO prevailed before a Court to prohibit Bond Purchases dissemination of documents it obtained from the Partnerships records. What Bond Purchase conveniently failed to tell you was that it could not identify the specific documents it wanted to distribute nor could it describe the nature of any questionable transactions. Bond Purchase failed to describe them to the Court, failed to describe them to us and failed to describe them to you. Bond Purchase should respect the Courts decision. We urge you not to be misled.
Bond Purchase tells you that past performance is a guarantee of future problems. Do not be misled by Bond Purchases History of Century Hillcreste. Bond Purchase has once again provided you with selected and partial information that does not accurately reflect the history of that property. We refuse to play that game. However, since Bond Purchase has told you that past performance is a guarantee of future problems we urge you to consider the following facts:
| Who is Bond Purchase? Bond Purchase was described by a Missouri Circuit Court in October 1999 as follows: [Bond Purchase] and its principals run what are known in the investment community as vulture funds, seeking to buy limited portions of real estate partnerships with a view to ousting current management and potential liquidation of the partnership assets. (emphasis added) We believe its interests are not aligned with yours. Do not be misled. | |
| We believe Bond Purchase has improperly withheld millions of dollars from limited partners. A lawsuit was filed by NAPICO on June 19, 2001 through which we intend to demonstrate that Mr. Johnson and entities he controls are improperly withholding in concert with Bond Purchase at least $2.2 million in proceeds owed to NAPICO-affiliated limited partners of certain limited partnerships Mr. Johnsons entities control. Remember, Bond Purchase now wants to seize control of your Partnership and its valuable assets. If past performance is a guarantee of future problems how will Bond Purchase manage your assets? Ask yourself if you can trust Bond Purchase. | |
| How have your General Partners Performed? Your General Partners have been successful in managing your Partnership and its assets. From the Partnerships inception through 1990, the limited partners obtained tax benefits equal to at least 91.1% of their investments. From 1996 |
to 1998, we sold our interest in many real estate assets and in March 1999, we made a cash distribution to the limited partners of more than $2.7 million. We continue to negotiate with appropriate parties to sell or refinance our remaining interests in real estate assets, to bring the maximum value to all of our limited partners. Do not be misled. |
IMPORTANT
Please act today to protect the value of your investmentDO NOT SIGN any GREEN consent card or other materials you may receive from Bond Purchase. Instead, please sign, date and promptly mail your WHITE revocation of consent card. The deadline to fax in your WHITE consent revocation card is Thursday, November 15, 2001.
To ensure that your General Partners are not removed, please FAX AND MAIL your WHITE consent revocation card today to:
ACS Security Services Inc.
Please do so unless you are absolutely certain that your latest dated card is the WHITE revocation of consent card. For your convenience, we have enclosed another consent revocation card for your use.
Important Note. You may have received a prior mailing from NAPICO that inadvertently contained the legend Important Tax Information on the outside of the envelope. Please note that this legend was included in error by our mailing agent. While we have advised you in previous mailings about certain tax implications of this solicitation, you should not consider such mailing to be any more important because of the legend on the envelope than any of the other materials you have received in connection with the consent solicitation.
This information was furnished on behalf of Real Estate Associates Limited VI by its General Partners and is being mailed to limited partners on or about October 29, 2001. Important information about the Partnerships consent revocation solicitation are contained in the definitive consent revocation materials which have already been sent to you. You may obtain a copy of the Partnerships consent revocation materials filed on form DEFC14A free of charge at the Securities and Exchange Commissions web site at http://www.sec.gov. The Partnership will also provide you with a copy of its materials without charge. You may also view Partnership information on the Partnerships web site at http://www.napico.com. The contents of the Partnerships web site are not deemed to be a part of the consent revocation materials. For additional information about this consent revocation solicitation, please contact D.F. King at the toll-free number provided below.
If you have any questions or need assistance, please call D.F. King & Co., Inc., which is assisting us in this matter, at 1-800-269-6427.
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CONSENT REVOCATION CARD
REAL ESTATE ASSOCIATES LIMITED VI
THIS REVOCATION OF CONSENT IS SOLICITED BY REAL ESTATE ASSOCIATES
The undersigned, a limited partner of Real Estate Associates Limited VI (the Partnership), acting with respect to all of the limited partnership interests held by the undersigned, hereby revokes any and all consents that the undersigned may have given with respect to each of the following proposals:
THE GENERAL PARTNERS OF THE PARTNERSHIP UNANIMOUSLY
1. Removal of General Partners
o REVOKE CONSENT o DO NOT REVOKE CONSENT
2. Continuation of the Partnership and election of new general partner, New G.P.
o REVOKE CONSENT o DO NOT REVOKE CONSENT
IF NO DIRECTION IS MADE, THIS CONSENT REVOCATION CARD WILL BE DEEMED TO REVOKE ALL PREVIOUSLY EXECUTED CONSENTS WITH RESPECT TO ANY OR ALL OF THE PROPOSALS SET FORTH HEREIN.
PLEASE SIGN, DATE, FAX TO (214) 887-7198 ATTN: SHARI EASTWOOD
Please sign your name below. If your interests are held jointly, each limited partner should sign. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in full corporate name by president or authorized officer. If a partnership, please sign in partnership name by authorized person.
Dated: _________________________________________, 2001 | |
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PLEASE SIGN, DATE AND RETURN THIS CONSENT REVOCATION PROMPTLY. IF YOU HAVE ANY QUESTIONS OR NEED ASSISTANCE, PLEASE CALL D.F. KING & CO., INC. TOLL-FREE AT 1-800-269-6427. |