-----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, BBp127fuZEviGmKYU/vIxwd/z33h/zxeeP8ZHsxaldhI2PW0IyUbGXWWS3sXckae 9877x6hwqHbYz3BdP9W9aA== 0001353173-08-000010.txt : 20080505 0001353173-08-000010.hdr.sgml : 20080505 20080505151645 ACCESSION NUMBER: 0001353173-08-000010 CONFORMED SUBMISSION TYPE: DFAN14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080505 DATE AS OF CHANGE: 20080505 EFFECTIVENESS DATE: 20080505 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON FINANCIAL QUALIFIED HOUSING TAX CREDITS L P IV CENTRAL INDEX KEY: 0000845035 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 043044617 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: DFAN14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-19765 FILM NUMBER: 08802302 BUSINESS ADDRESS: STREET 1: 101 ARCH ST 16TH FLR CITY: BOSTON STATE: MA ZIP: 02110-1106 BUSINESS PHONE: 6174393911 MAIL ADDRESS: STREET 2: 101 ARCH STREET 16TH FL CITY: BOSTON STATE: MA ZIP: 021101106 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Everest Housing Investors 2, LP CENTRAL INDEX KEY: 0001353173 IRS NUMBER: 954793409 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DFAN14A BUSINESS ADDRESS: STREET 1: 199 S. LOS ROBLES AVE., #200 CITY: PASADENA STATE: X1 ZIP: 91101 BUSINESS PHONE: 626-585-5920 MAIL ADDRESS: STREET 1: 199 S. LOS ROBLES AVE., #200 CITY: PASADENA STATE: X1 ZIP: 91101 DFAN14A 1 bf4_dfan14a050208ltr.htm LP LTR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

(Rule 14a-101)

 

INFORMATION REQUIRED IN CONSENT SOLICITATION STATEMENT

SCHEDULE 14A INFORMATION

Consent Solicitation Statement Pursuant to Section 14(a) Securities

Exchange Act of 1934

 

Filed by the Registrant

/  /

 

Filed by a party other than the Registrant

/X/

 

 

Check the appropriate box:

 

/  /

Preliminary Consent Solicitation Statement

 

/  /

Confidential, for Use of the Commission Only

(as permitted by Rule 14a-6(e)(2))

 

/  /

Definitive Consent Solicitation Statement

 

/X/

Definitive Additional Materials

 

/  /

Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12

 

BOSTON FINANCIAL QUALIFIED HOUSING TAX CREDITS L.P. IV

(Name of Registrant as Specified in Its Charter)

 

Everest Housing Investors 2, LP

                (Name of Person(s) Filing Consent Solicitation 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)(4) and 0-11.

 

 

(1)

Title of each class of securities to which transaction applies:

 

(2)

Aggregate number of securities to which transactions 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:

 

Everest Housing Investors 2, LP

199 S. Los Robles Ave., Suite 200

Pasadena, California 91101

 

May 5, 2008

 

RE:

GENERAL PARTNERS COMMENCE LITIGATION; LIQUIDATION OF THE PARTNERSHIP IS LIKELY TO BE DELAYED FOR YEARS

 

Dear Limited Partner:

 

We have learned that the general partners of Boston Financial Qualified Housing Tax Credits L.P. IV (the “Partnership”) have recently filed litigation against a multitude of parties, regarding our efforts to remove them as the general partners of the Partnership. As they have done in the past, they appear to be wasting Partnership assets on frivolous litigation. Representatives of the Partnership have previously stated that they will not liquidate and wind-up the Partnership until all litigation is resolved, so by commencing new litigation they are probably delaying the liquidation of the Partnership for several years.

 

As you know from our Solicitation of Consents dated November 16, 2007, we are seeking the approval by written consent of the limited partners (the “Limited Partners”) of the Partnership, to remove the current general partners (Arch Street VIII, Inc. and Arch Street IV L.P., affiliates of MMA Financial, Inc. (“MMA”)) and to elect Everest Housing Management, LLC, a California limited liability company (“New GP)”, as the successor general partner of the Partnership.

 

We believe the most effective and fastest way to bring an end to the Partnership is to vote to replace the current general partners. The current general partners admitted they mishandled Partnership assets but have still refused to provide documentation or support for the restitution they unilaterally decided to pay the Partnership for their wrongdoing. Only a new general partner can fully investigate the misdeeds of the current general partners.

 

The New GP would terminate the litigation that the current general partners wish to perpetuate, and seek a full recovery of misspent Partnership funds. The New GP would not waste Partnership funds on such needless litigation. The New GP would liquidate the Partnership more effectively than the current general partners have been doing.

 

All limited partners should be very concerned that the current general partners continue to act in their own interests, at the expense of the Partnership and the limited partners. Because our affiliate is one of the largest unitholders, our financial interests are better aligned with Limited Partners; while the current general partners continue to manage the Partnership to serve their own interests.

 

We urge you to carefully read the Consent Solicitation Statement previously sent to you, and to vote. Your vote is important. Failure to vote, abstentions and broker non-votes will have the same effect as a vote against the Proposal. To be sure your vote is represented, please sign, date and return the enclosed GREEN Consent of Limited Partner form as promptly as possible in the enclosed, prepaid envelope. If you have any questions, please contact Everest at: (800) 611-4613.

 

We have extended the Expiration Date. The solicitation of Consents will expire at 5:00 p.m. Eastern Time on the earlier to occur of the following dates (the “Expiration Date”): (i) June 17, 2008, or such later date to which Everest determines to extend the solicitation or (ii) the date Everest determines the Required Consents are received. Everest reserves the right to extend this solicitation of Consents for

 

such period or periods as it may determine in its sole discretion from time to time; provided, however that it will not extend this solicitation past October 15, 2008.

 

 

Very Truly Yours,

 

 

Everest Housing Investors 2, LP

 

 

 

 -----END PRIVACY-ENHANCED MESSAGE-----