-----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, JYxWW64kZx2tyhTetXqkzLxdZ2jQDzFpPyHgo+LNY+flAdBAtWwqaXEzn7x3YhT4 BZBfWjWD43AeOEFBwUGubg== 0001047469-98-021400.txt : 19980522 0001047469-98-021400.hdr.sgml : 19980522 ACCESSION NUMBER: 0001047469-98-021400 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 19980521 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON CAPITAL TAX CREDIT FUND IV LP CENTRAL INDEX KEY: 0000913778 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513] IRS NUMBER: 043208648 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-53891 FILM NUMBER: 98629315 BUSINESS ADDRESS: STREET 1: ONE BOSTON PLACE STREET 2: STE 2100 CITY: BOSTON STATE: MA ZIP: 02210-1232 BUSINESS PHONE: 6176248900 MAIL ADDRESS: STREET 1: ONE BOSTON PLACE STREET 2: STE 2100 CITY: BOSTON STATE: MA ZIP: 02108-4406 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VALLEY CREEK CAPITAL LLC CENTRAL INDEX KEY: 0001058981 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: 601 CARLSON PARKWAY SUITE 200 CITY: MINNETONKA STATE: MN ZIP: 55305 BUSINESS PHONE: 6124767200 SC 14D1/A 1 SCHEDULE 14D1/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------- SCHEDULE 14D-1 TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 1 -------------------------- BOSTON CAPITAL TAX CREDIT FUND IV L.P. (NAME OF SUBJECT COMPANY) VALLEY CREEK CAPITAL, LLC A DELAWARE LIMITED LIABILITY COMPANY GLOBAL CAPITAL MANAGEMENT, INC., A DELAWARE CORPORATION (BIDDER) SERIES 23 BENEFICIAL ASSIGNEE CERTIFICATES (TITLE OF CLASS OF SECURITIES) 100567 60 1 (CUSIP Number of Class of Securities) Thomas A. Schmidt 601 Carlson Parkway - Suite 200 Minnetonka, Minnesota 55305 (612) 476-7200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Bidder) WITH A COPY TO: Peter R. Pancione, Esq. Gipson Hoffman & Pancione, P.C. 1901 Avenue of the Stars - Suite 1100 Los Angeles, California 90067 (310) 556-4660 CALCULATION OF FILING FEE - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- TRANSACTION VALUATION* AMOUNT OF FILING FEE $2,227,500 $445.50 - ------------------------------------------------------------------------------- * FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS CALCULATION ASSUMES THE PURCHASE OF 330,000 BACS AT $6..75 PER BAC NET IN CASH. THE AMOUNT OF THE FILING FEE, CALCULATED IN ACCORDANCE WITH REGULATION 0-11 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, EQUALS 1/50 OF ONE PERCENT OF THE VALUE OF BACS ASSUMED TO BE PURCHASED. [ ] CHECK BOX IF ANY PART OF THE FEE IS OFFSET AS PROVIDED BY RULE 0-11(a)(2) AND IDENTIFY THE FILING WITH WHICH THE OFFSETTING FEE WAS PREVIOUSLY PAID. IDENTIFY THE PREVIOUS FILING BY REGISTRATION STATEMENT NUMBER, OR THE FORM OR SCHEDULE AND THE DATE OF ITS FILING. AMOUNT PREVIOUSLY PAID: NOT APPLICABLE FILING PARTY: NOT APPLICABLE FORM OF REGISTRATION NO. NOT APPLICABLE DATE FILED: NOT APPLICABLE - ------------------------------------------------------------------------------- PAGE 1 OF 6
- ------------------------- ---------------------- CUSIP NO. 100567 60 1 Page 2 of 6 Pages - ------------------------- ---------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Valley Creek Capital, LLC - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) / / - ------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of Delaware - ------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned By Each Reporting Person None - ------------------------------------------------------------------------------- 8. Check if the Aggregate in Row (7) Excludes Certain BACs (See Instructions) / / - ------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) None - ------------------------------------------------------------------------------- 10. Type of Reporting Persons (See Instructions) OO - ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------
PAGE 2 OF 6
- ------------------------- ---------------------- CUSIP NO. 100567 60 1 Page 3 of 6 Pages - ------------------------- ---------------------- - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- 1. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Global Capital Management, Inc. - ------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) / / (b) / / - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. Sources of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e) or 2(f) / / - ------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of Delaware - ------------------------------------------------------------------------------- 7. Aggregate Amount Beneficially Owned By Each Reporting Person None - ------------------------------------------------------------------------------- 8. Check if the Aggregate in Row (7) Excludes Certain BACs (See Instructions) / / - ------------------------------------------------------------------------------- 9. Percent of Class Represented by Amount in Row (7) None - ------------------------------------------------------------------------------- 10. Type of Reporting Persons (See Instructions) CO - ------------------------------------------------------------------------------- - -------------------------------------------------------------------------------
PAGE 3 OF 6 AMENDMENT NO. 1 TO SCHEDULE 14D-1 This Amendment No. 1 amends the Tender Offer Statement on Schedule 14D-1 filed by Valley Creek Capital, LLC, a Delaware limited liability company (the "Purchaser") and Global Capital Management Inc., a Delaware corporation, with the Securities and Exchange Commission on April 14, 1998, relating to the tender offer by the Purchaser to purchase up to 330,000 beneficial assignee certificates ("BACs") evidencing the beneficial interest of an assignee in the series 23 limited partnership interests of Boston Capital Tax Credit Fund IV, L.P., a Delaware limited partnership, upon the terms and subject to the conditions set forth in the Purchaser's Offer to Purchase dated April 14, 1998 and the related Agreement of Transfer and Sale to include the information set forth below. Terms not otherwise defined herein shall have the meanings ascribed to them in the Schedule 14D-1 and the Offer to Purchase. ITEM 1. SECURITY AND SUBJECT COMPANY (b) The Offer has been terminated by the Purchaser and Purchaser will not purchase any of the BACs due to regulatory requirements, which in the judgment of the Purchaser, makes it inadvisable to proceed with the purchase of the BACs. All BACs tendered will be promptly returned to their owners. ITEM 11. MATERIAL TO BE FILED AS EXHIBITS (a)(5) - Press Release dated May 12, 1998. (a)(6) - Publication dated May 12, 1998. (a)(7) - Press Release dated May 21, 1998. (a)(8) - Publication dated May 21, 1998. Page 4 of 6 SIGNATURE After due 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. Dated: May 21, 1998 VALLEY CREEK CAPITAL, LLC By: Global Capital Management, Inc., a Delaware corporation, its Manager By: /s/ Michael J. Frey ------------------------------------ Michael J. Frey, Vice President GLOBAL CAPITAL MANAGEMENT, INC., a Delaware corporation By: /s/ Michael J. Frey ----------------------------------------- Michael J. Frey, Vice President Page 5 of 6 EXHIBIT INDEX Sequential Exhibit No. Description Page Number - -------------- ------------- ------------- (a)(5) - Press Release dated May 12, 1998 (a)(6) - Publication dated May 12, 1998 (a)(7) - Press Released dated May 21, 1998 (a)(8)- Publication dated May 212, 1998 Page 6 of 6 EX-99.(A)(5) 2 EXHIBIT 99(A)(5) FOR IMMEDIATE RELEASE Contact Erik Dieterle -- (612) 476-7245 VALLEY CREEK CAPITAL, LLC EXTENDS OFFER Minnetonka, Minnesota (May 12, 1998). Valley Creek Capital, LLC has announced that its offer to purchase Series 23 Beneficial Assignee Certificates ("BACs") of Boston Capital Tax Credit Fund IV L.P. (the "Partnership") for $6.75 per BAC has been extended and is now scheduled to expire at 12 o'clock midnight, Eastern time on June 3, 1998. As of the close of business on May 7, 1998, 7,000 BACs have been tendered to Valley Creek Capital, LLC and not withdrawn. EX-99.(A)(6) 3 EXHIBIT 99(A)(6) THIS ANNOUNCEMENT IS NEITHER AN OFFER TO PURCHASE, NOR A SOLICITATION OF AN OFFER TO SELL THE SECURITIES. THE OFFER IS MADE ONLY BY THE OFFER TO PURCHASE AND THE RELATED AGREEMENT OF TRANSFER AND SALE AND IS NOT BEING MADE (NOR WILL TENDERS BE ACCEPTED FROM) HOLDERS OF BACS IN ANY JURISDICTION WHICH THE OFFER OR THE ACCEPTANCE THEREOF WILL NOT BE IN COMPLIANCE WITH THE SECURITIES LAWS OF SUCH JURISDICTION; IN THOSE JURISDICTIONS WHERE SECURITIES LAWS REQUIRE THE OFFER TO BE MADE BY A LICENSED BROKER OR DEALER, THE OFFER SHALL BE DEEMED TO BE MADE ON BEHALF OF THE PURCHASER ONLY BY ONE OR MORE REGISTERED BROKERS OR DEALERS LICENSED UNDER THE LAWS OF SUCH JURISDICTION. NOTICE OF EXTENSION OF OFFER TO PURCHASE FOR CASH UP TO 330,000 SERIES 23 BENEFICIAL ASSIGNEE CERTIFICATES (THE "BACS") OF BOSTON CAPITAL TAX CREDIT FUND IV L.P. (THE "PARTNERSHIP") BY VALLEY CREEK CAPITAL, LLC, A DELAWARE LIMITED LIABILITY COMPANY (THE "PURCHASER") The offer to purchase for cash up to 330,000 BACs held by the BAC Holders of the Partnership (the "BAC Holders") at $6.75 per BAC has been extended and is now scheduled to expire at 12:00 midnight, Eastern Time on June 3, 1998, and unless and until the Purchaser, in its sole discretion, shall have extended the period of time for which the Offer is open. As of the close of business on May 7, 1998, 7,000 BACs have been tendered to Purchaser and not withdrawn. May 12, 1998 EX-99.(A)(7) 4 EXHIBIT 99(A)(7) FOR IMMEDIATE RELEASE Contact Erik Dieterle -- (612) 476-7245 VALLEY CREEK CAPITAL, LLC TERMINATES OFFER Minnetonka, Minnesota (May 21, 1998). Valley Creek Capital, LLC has announced that it has terminated its offer to purchase Series 23 Beneficial Assignee Certificates ("BACs") of Boston Capital Tax Credit Fund IV L.P. (the "Partnership") due to regulatory requirements, which in the judgment of the Purchaser make it inadvisable to purchase the BACs. All tendered BACs will be promptly returned to their owners. EX-99.(A)(8) 5 EXHIBIT 99(A)(8) THIS ANNOUNCEMENT IS NEITHER AN OFFER TO PURCHASE, NOR A SOLICITATION OF AN OFFER TO SELL THE SECURITIES. NOTICE OF TERMINATION OF OFFER TO PURCHASE FOR CASH UP TO 330,000 SERIES 23 BENEFICIAL ASSIGNEE CERTIFICATES (THE "BACS") OF BOSTON CAPITAL TAX CREDIT FUND IV L.P. (THE "PARTNERSHIP") BY VALLEY CREEK CAPITAL, LLC, A DELAWARE LIMITED LIABILITY COMPANY (THE "PURCHASER") The offer to purchase for cash up to 330,000 BACs held by the BAC Holders of the Partnership (the "BAC Holders") at $6.75 per BAC has been terminated due to regulatory requirements, which in the judgment of the Purchaser makes it inadvisable to purchase the BACs. All BACs tendered will be promptly returned to their owners. May 21, 1998 -----END PRIVACY-ENHANCED MESSAGE-----