-----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, PB4J8sJ7hXGyXdteahaEA6RoG0wQoi/+MRJ6b1irUZKQiXVplMiTbGboRltlS/Oq SCg9FWyGEoPHMOw1QMEUgg== 0001116679-01-000233.txt : 20010313 0001116679-01-000233.hdr.sgml : 20010313 ACCESSION NUMBER: 0001116679-01-000233 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROMETHEUS INCOME PARTNERS CENTRAL INDEX KEY: 0000803026 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 770082138 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 000-16950 FILM NUMBER: 1566437 BUSINESS ADDRESS: STREET 1: 350 BRIDGE PKWY CITY: REDWOOD CITY STATE: CA ZIP: 94065 BUSINESS PHONE: 6505965300 MAIL ADDRESS: STREET 1: 350 BRIDGE PKWY CITY: REDWOOD CITY STATE: CA ZIP: 94065 FORMER COMPANY: FORMER CONFORMED NAME: PROMETHEUS DEVELOPMENT INCOME PARTNERS DATE OF NAME CHANGE: 19861229 DEFA14A 1 0001.txt ADDITIONAL SOLICITING MATERIALS SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant |_| Filed by a Party other than the Registrant |X| Check the appropriate box: |_| Preliminary Proxy Statement |_| Confidential, for Use of the |_| Definitive Proxy Statement Commission Only (as permitted by |_| Definitive Additional Materials Rule 14a-6(e)(2)) |X| Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 PROMETHEUS INCOME PARTNERS, a California limited partnership (Name of Registrant as Specified in Its Charter) PROMETHEUS DEVELOPMENT CO., INC., a California corporation (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): |X| No fee required. |_| Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total Fee Paid: |_| Fee paid previously with preliminary materials: |_| Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. (1) Amount previously paid: (2) Form, Schedule or Registration Statement no.: (3) Filing Party: (4) Date Filed: PROMETHEUS INCOME PARTNERS 350 Bridge Parkway Redwood City, CA 94065-1517 (650) 596-5393 March 8, 2001 To the Limited Partners: By now you may have become aware of an unsolicited tender offer for up to 300 Units of Limited Partnership Interest in Prometheus Income Partners at $800 dollars per unit. The unsolicited tender offer was made by Everest Management, LLC, a California limited liability company, which is unaffiliated with Prometheus Income Partners. Prometheus Income Partners recently filed revised preliminary proxy materials with the Securities and Exchange Commission for a proposed Merger with an affiliate of the general partner, which, if completed, would yield a minimum of $1,200 per Unit in cash to investors plus possible additional amounts depending on the outcome of the pending litigation and the actual cost of the property repairs. You can get the revised preliminary version of the proxy statement, and any other relevant documents, for free at the Securities and Exchange Commission's website at www.sec.gov. We are awaiting comments from the Securities and Exchange Commission, which may require our response. Once a definitive proxy statement has been filed with the Securities and Exchange Commission and declared effective, it will be distributed to Limited Partners. We cannot assure you that the definitive proxy statement will be declared effective. The definitive proxy statement will contain important information, which expands upon and clarifies the information contained in this letter, including a detailed list of participants in the proxy soliticitation, as well as their direct and indirect interests in the partnership. As communicated previously, the Partnership intends to hold, as soon as practicable, a meeting of the Limited Partners of the Partnership at which time the Limited Partners will consider and vote on the proposal by the Partnership's General Partner. For the Merger to proceed, a majority of the limited partnership interests must be voted in favor of the Merger, and other conditions must be fulfilled. Of course, we can give you no assurance that the merger will be consummated. On behalf of the General Partner, I thank you and appreciate your consideration of these matters. Prometheus Development Co., Inc., a California corporation /s/ John Murphy ------------------------- By: John J. Murphy Title: Vice President -2- -----END PRIVACY-ENHANCED MESSAGE-----