-----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, D7dS69IXIy8rGlwkoKBzQ/GzcfMw/bdWzG5gvdwwMV6WmLW1jJUuancuO9xIP6Eq 8ShT9p1Vn4Lyp0vyAVAgKQ== 0000950130-01-000374.txt : 20010125 0000950130-01-000374.hdr.sgml : 20010125 ACCESSION NUMBER: 0000950130-01-000374 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010124 GROUP MEMBERS: GENERAL MOTORS INVESTMENT MANAGEMENT CORP GROUP MEMBERS: GENERAL MOTORS INVESTMENT MANANGEMENT CORP. GROUP MEMBERS: GENERAL MOTORS TRUST COMPANY GROUP MEMBERS: GMEGGPT 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: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-58843 FILM NUMBER: 1514474 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MOTORS INVESTMENT MANAGEMENT CORP CENTRAL INDEX KEY: 0000883422 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 382903925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A 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 SC 13D/A 1 0001.txt AMENDMENT NO. 7 TO SCHEDULE 13D-A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13D-A Under the Securities Exchange Act of 1934 (Amendment No. 7)* Lend Lease Hyperion High-Yield CMBS Fund, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) Not applicable. --------------------------------- (CUSIP Number) Ellen Oster, Esq., 767 Fifth Avenue, New York, NY 10153, (212) 418-6126 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 29, 2000 --------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. Seess.240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
- --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 2 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------ ==================================================================================================================================== 1 NAME OF REPORTING PERSON General Motors Employes Global Group Pension Trust I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 00 - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 --------------------------------------------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5,114,757 shares represent 98% of the issued and outstanding shares as of the date of filing. - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) EP ====================================================================================================================================
- --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 3 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------ ==================================================================================================================================== 1 NAME OF REPORTING PERSON General Motors Investment Management Corporation I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 382903925 - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 00 - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 --------------------------------------------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,114,757 shares, with a commitment to acquire additional 94,877 shares. (See Item 5 below) - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5,114,757 shares represent 98% of the issued and outstanding shares as of the date of filing. - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, CO ====================================================================================================================================
- --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 4 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------ ==================================================================================================================================== 1 NAME OF REPORTING PERSON General Motors Trust Company I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) 00 - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Hampshire - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 0 --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 --------------------------------------------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,114,757 shares, with a commitment to acquire 94,877 additional shares. (See Item 5 below) - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5,114,757 shares represent 98% of the issued and outstanding shares as of the date of filing. - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) BK ====================================================================================================================================
- --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 5 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------
This amendment Number 7 amends and supplements the Statement on Schedule 13D (the "Schedule 13D") filed by General Motors Employes Global Group Pension Trust, (the "Trust") a trust formed pursuant to the laws of the State of New York under and for the benefit of certain employee benefit plans of General Motors Corporation ("GM"), Delphi Automotive Systems ("Delphi") and their respective affiliates (the "Plans"); General Motors Investment Management Corporation, a Delaware corporation ("GMIMCo"); and General Motors Trust Company, a chartered trust company formed pursuant to the laws of the State of New Hampshire which is the trustee with respect to the Trust ("GMTC" and, together with the Trust and GMIMCo, the "Reporting Persons"). Capitalized terms used and not defined in this Amendment have the meanings set forth in the Schedule 13D, and Appendices and Exhibits filed with the Schedule 13D are incorporated herein by reference. Items 3, 4 and 5 are hereby amended and supplemented as follows. Item 3. Source and Amount of Funds or Other Consideration The Trust paid $11 million to the Fund on March 16, 2000, $14.5 million on April 27, 2000, $6 million on June 28, 2000 and $17.5 million on July 31, 2000 in exchange for shares of common stock. The Trust has committed to pay an additional $1 million in exchange for shares of common stock (as described in Item 5). The source of the consideration is the assets of certain of the Plans. On May 15, 2000, the Trust reinvested a cash dividend of $111,739.84 earned on shares of common stock of the Fund then held by the Trust in exchange for additional shares of common stock of the Fund. On August 15, 2000, the Trust reinvested a cash dividend of $529,220 earned on shares of common stock then held by the Trust in exchange for additional shares of common stock of the Fund. On October 16, 2000, the Trust reinvested a cash dividend of $96,977 earned on shares of common stock then held by the Trust in exchange for additional shares of common stock of the Fund. On November 16, 2000 the Holding Trust reinvested a cash dividend of $1,069,356 earned on shares of common stock then held by the Trust in exchange for additional shares of common stock of the Fund. On December 29, 2000 the Holding Trust reinvested a cash dividend of $1,109,600 earned on shares of common stock then held by the Trust in exchange for additional shares of common stock of the Fund. Item 4. Purpose of Transaction The purpose of this transaction is to acquire an interest in a non-diversified closed-end management investment company whose investment objective is to provide high total return by investing in securities backed by real estate debt. As of December 29, 2000, GMTC managed for the benefit of the Trust an aggregate of 5,114,757 Shares, representing 98% of the 5,215,047 then issued and outstanding shares. Pursuant to a subscription agreement dated March 15, 2000 (the "Subscription Agreement"), the Trust has committed to pay the Fund an additional $1 million in one or more payments prior to the termination of the Fund. (See Item 5 below) Except as set forth herein, none of the Reporting Persons, GM or, to the best knowledge of the Reporting Persons, any person identified on Appendix A has any plans or proposals that would result in or relate to any of the transactions described in paragraphs (a) through (j) of Item 4 of Schedule 13D. The various trusts established under the Plans invest in a variety of investment media, including publicly traded and privately placed securities. Such investments could include Shares and/or other securities of the Issuer in addition to those referred to in this statement ("Additional Securities"). The investment and voting decisions regarding any Additional Securities which might be owned by such trusts are made by the trustees thereof or unrelated investment managers, who, in so acting, act independently of GMIMCo and /or GMTC (although the appointment of such investment managers is subject to authorization of and termination by GMIMCo and/or GMTC). No information regarding any such holdings by such trusts under the Plans is contained in this statement. Item 5. Interest in Securities of the Issuer (a)-(b) On December 29, 2000, GMTC managed for the benefit of the Trust an aggregate of 5,114,757 Shares, representing approximately 98% of the 5,215,047 then issued and outstanding Shares. Pursuant to the Subscription Agreement, the Trust has committed to pay the Fund an additional $1 million in one or more payments, as required by the - --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 6 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------
Fund, in exchange for Shares. Pursuant to the Subscription Agreement, the fund may require payment at any time prior to the termination date of the Fund. The termination date of the Fund is expected to be December 31, 2001, unless more than 75% of the Fund's shareholders agree to extend the Fund's duration. The number of Shares of common stock the Trust will receive upon payment(s) 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 December 29, 2000, the payment of the full $1 million commitment would result in the acquisition by the Trust of 94,877 more Shares. As of the date of this statement, each of the Trust, by virtue of its ownership of the Shares, and GMIMCo and GMTC, by virtue of their shared voting and dispositive power over the Shares, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act")) all Shares the Trust has and may acquire. Pursuant to Rule 13d-4 of the Act, the Reporting persons expressly declare that the filing of this statement shall not be construed as an admission that any such Person is, for the purposes for ss.ss.13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this statement. Neither GM nor, to the best knowledge of the Reporting Persons, any of the persons named in Appendix A owns beneficially (as that term is defined in Rule 13d-3 under the Act) any Shares. (c) None of the Reporting Persons, GM or, to the best knowledge of the Reporting Persons, any person named in Appendix A, has effected any transactions in the Shares during the past 60 days. (d) GMIMCo, as the named fiduciary of the Plans with respect to investments, has the authority to direct the Trustee to make payments from the Trust (which may include dividends from or proceeds from the sale of Shares held by the Trust) to other trusts under the Plans and to other persons. (e) Not applicable. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. GENERAL MOTORS EMPLOYES GLOBAL GROUP PENSION TRUST (by General Motors Trust Company, as trustee) By: /s/ Tony Kao ------------------------------------------ Name: Tony Kao Title: Managing Director, North American Fixed Income Date: January 24, 2001 - --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 7 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------
Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. GENERAL MOTORS INVESTMENT MANAGEMENT CORPORATION By: /s/ Tony Kao ------------------------------------------ Name: Tony Kao Title: Managing Director, North American Fixed Income Date: January 24, 2001 - --------------------------------------------- ------------------------------------------ CUSIP No. N/A 13D-A Page 8 of 8 Pages --- --------- ---------- - --------------------------------------------- ------------------------------------------
Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. GENERAL MOTORS TRUST COMPANY By: /s/ Tony Kao ------------------------------------------ Name: Tony Kao Title: Managing Director, North American Fixed Income Date: January 24, 2001 -----END PRIVACY-ENHANCED MESSAGE-----