-----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, LHbCgJD+lyzcXtCeY+5edAZXz4uAU0reT5X14jsNNdqS8hS635h/xySQzKV1XHOa oyn3TXPUk9D/8qosHKNBMg== /in/edgar/work/20000912/0000950130-00-004973/0000950130-00-004973.txt : 20000922 0000950130-00-004973.hdr.sgml : 20000922 ACCESSION NUMBER: 0000950130-00-004973 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000831 FILED AS OF DATE: 20000912 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LEND LEASE HYPERION HIGH YIELD CMBS FUND INC /NY/ CENTRAL INDEX KEY: 0001000401 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 133910721 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 811-07359 FILM NUMBER: 720858 BUSINESS ADDRESS: STREET 1: ONE LIBERTY PLAZA STREET 2: 165 BROADWAY, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10006-1404 BUSINESS PHONE: 2125498400 MAIL ADDRESS: STREET 1: ONE LIBERTY PLAZA STREET 2: 165 BROADWAY, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10006-1404 FORMER COMPANY: FORMER CONFORMED NAME: EQUITABLE REAL ESTATE HYPERION HIGH YLD CMMERCL MORTG FD INC DATE OF NAME CHANGE: 19950912 COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MOTORS INVESTMENT MANAGEMENT CORP CENTRAL INDEX KEY: 0000883422 STANDARD INDUSTRIAL CLASSIFICATION: [ ]OWNER IRS NUMBER: 382903925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: STATE STREET BANK STREET 2: 1 ENTERPRISE DRIVE CITY: QUINCY STATE: MA ZIP: 02171 MAIL ADDRESS: STREET 1: STATE STREET BANK STREET 2: 1 ENTERPRISE DRIVE CITY: QUINCY STATE: MA ZIP: 02171 4 1 0001.txt FORM 4 /------------------------------/ / OMB APPROVAL / /------------------------------/ / OMB Number: 3235-0287 / / Expires: September 30, 1998 / / Estimated average burden / / hours per response...... 0.5 / /------------------------------/ +--------+ | FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION +--------+ WASHINGTON, D.C. 20549 [_] Check this box if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP to Section 16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities obligations may Exchange Act of 1934, Section 17(a) of the continue. See Public Utility Holding Company Act of 1935 or Instruction 1(b). Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) - -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* General Motors Investment Management Corporation - -------------------------------------------------------------------------------- (Last) (First) (Middle) 767 Fifth Avenue - -------------------------------------------------------------------------------- (Street) New York NY 10153 - -------------------------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol ----------------------------------- Lend Lease Hyperion High-Yield CMBS Fund, Inc. (no Ticker or Trading Symbol) 3. IRS or Social Security Number of Reporting Person (Voluntary) 382903925 -------------- 4. Statement for Month/Year August/2000 --------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) July/2000 --------------------------------- 6. Relationship of Reporting Person to Issuer (Check all applicable) ___ Director ___ Officer X 10% Owner ___ Other --- (give title below) (specify below) ---------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person ---- ____ Form filed by More than One Reporting Person Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------ 1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of action action or Disposed of (D) Securities ship of In- Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 3) (Instr. 8) Owned at Direct Bene- (Month/ ----------------------------------------------- End of (D) or ficial Day/ Month Indirect Owner- Year) Code V Amount (A) or Price (Instr. 3 and 4) (I) ship (D) (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 7/31/2000 J 0 N/A N/A 0 N/A N/A (See explanation below with respect to this line 1.) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 7/31/2000 J 1,715,686 A $10.20/share 4,844,479 I (See explanation below with respect to this line 2.) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/15/2000 J 0 N/A N/A 0 N/A N/A (See explanation below with respect to this line 3.) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 8/15/00 J 51,884 N/A $10.20/share 4,896,363 I N/A (See explanation below with respect to this line 4.) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities benefically (Over) owned directly or indirectly. SEC 1474 (7-96) * If the form is filed by more than one reporting person, See Instruction 4(b)(v).
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
- ----------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- Security (Instr. 3) sion or action tion Code ative Securities Exercise Date (Instr. 8) Acquired (A) or Price of (Month/ Disposed of (D) Deriv- Day/ (Instr. 3, 4, and 5) ative Year) Security --------------------------------------------------- Code V (A) (D) - ----------------------------------------------------------------------------------------------------------------------------- Obligation to buy Common Stock $10.20/share 7/31/2000 J 0 0 - ----------------------------------------------------------------------------------------------------------------------------- Obligation to buy Common Stock $10.20/share 7/31/2000 J 0 1,715,686 - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------------------
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------ 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na- cisable and Underlying Securities of of Deriv- ship ture Expiration (Instr. 3 and 4) Deriv- ative Form of In- Date ative Secur- of De- direct (Month/Day/ Secur- ities rivative Bene- Year) ity Bene- Securities ficial (Instr. ficially Direct Owner- -------------------------------------------- 5) Owned (D) or ship Date Expira- Amount or at End Indirect (Instr. Exer- tion Title Number of of (I) 4) cisable Date Shares Month (Instr. 4) (Instr.4) - ------------------------------------------------------------------------------------------------------------------------------------ See below. See below. Common Stock 0 See below. See below N/A N/A See below. - ------------------------------------------------------------------------------------------------------------------------------------ See below. See below. Common Stock See below. See below. See below I See below. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: The Promark Defined Benefit High Yield Bond Fund Portfolio of the General Motors Employes Global Group Pension Trust (the "Holding Trust"), a trust under and for the benefit of certain employee benefit plans (the "Plans") of General Motors Corporation, Delphi Automotive Systems Corporation and their respective affiliates, holds the securities (the "Securities") referred to in lines 2 and 4 of Table I and reduced the obligation referred to in line 2 of Table II. The reporting person ("GMIMCo") has retained under the Employee Retirement Income Security Act of 1974, as amended, the power to direct the voting and disposition of the Securities although it has no pecuniary interest therein. General Motors Trust Company ("GMTC") is the trustee with respect to the Holding Trust. Lines 1 and 3 of Table I and line 1 of Table II relate to GMIMCo's and GMTC's status as a 10% beneficial owner without pecuniary interest with respect to the Securities. Lines 2 and 4 of Table I and line 2 of Table II relate to the status of the Holding Trust, on behalf of which GMIMCo is making the report reflected on such line, as a 10% beneficial owner that may have a pecuniary interest in the Securities. This filing should not be deemed an admission that any of GMIMCo, GMTC or the Holding Trust is the beneficial owner of the Securities. Pursuant to a subscription agreement dated March 15, 2000, Holding Trust committed to pay $39 million in exchange for shares of common stock in one or more payments, as required by the Issuer. Pursuant to the subscription agreement, the Issuer may require full or partial payment of the commitment amount at any time until the termination date of the Issuer. The termination date of the Issuer is expected to be December 31, 2001, unless more than 75% of the Issuer's shareholders agree to extend its duration. Holding Trust paid $14.5 million to the Issuer on April 27, 2000 in exchange for 1,432,806 shares of common stock, $6 million on June 28, 2000 in exchange for 587,084 shares of common stock and $17.5 million on July 31, 2000 in exchange for 1,715,686 shares of common stock, in partial satisfaction of the commitment amount. The number of shares of common stock Holding Trust will receive in exchange for each subsequent payment pursuant to the subscription agreement will be determined by the then current net asset value of the shares. Based on the net asset value of the shares as of July 28, 2000, payment of the remaining $1 million commitment of Holding Trust would result in the acquisition of 98,039 more shares. On May 15, 2000 the Holding Trust reinvested a cash dividend of $111,739.84 earned on shares of the Issuer's common stock then held by the Holding Trust in exchange for additional shares of the Issuer's common stock. On August 15, 2000 the Holding Trust reinvested a cash dividend of $529,219 earned on shares of the Issuer's common stock then held by Holding Trust in exchange for additional shares of the Issuer's common stock. ** International misstatements or omisions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- ----------------- Michael E. Klehm Date Chief Operating Officer General Motors Investment Management Corporation
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