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The
price offered for the Units is $63
in CASH,
less any Distributions made after the date of this Offer and any transfer
fees charged by the Partnership.
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The
Offer to Purchase is higher than the last highest secondary market
trade
of Units we are aware of.
According to Direct Investments Spectrum and any mini-tender offers
we’re
aware of, during the most recently reported trading period from October
1,
2005 through November 30, 2005, trades have ranged from $33.00 per
Unit to
$62.00 per Unit. The Offer also allows Unit Holders to dispose of their
Units without incurring the sales commissions (that may be up to 10%
with
a minimum of $150-$200) associated with sales arranged through brokers
or
other intermediaries.
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Tax
credits have expired.
The Partnership has indicated that there are no more tax credits
remaining.
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Accelerated
Loss.
The cash purchase price plus the estimated value of the current year
tax
loss totals $4001.
Unit Holders who sell will receive an accelerated tax year
benefit.
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Sale
of all your Units will not result in the loss of tax credits previously
taken.
Unit Holders who sell all of their Units will also eliminate the need
to
file Form K-1 information for the Partnership with their federal tax
returns for years after the Partnership's confirmation of the transfer
of
Units.
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