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As Of Filer Filing For·On·As Docs:Size Issuer Agent 7/07/15 Div Cap Diversified Prop Fd Inc. 424B3 1:8K RR Donnelley/FA |
Document/Exhibit Description Pages Size 1: 424B3 Prospectus HTML 8K
| 424B3 |
Filed Pursuant to Rule
424(b)(3)
Registration No. 333-175989
DIVIDEND CAPITAL DIVERSIFIED PROPERTY FUND INC.
SUPPLEMENT NO. 4 DATED JULY 7, 2015
TO THE PROSPECTUS DATED MARCH 12, 2015
This prospectus supplement (this “Supplement”) is part of and should be read in conjunction with the prospectus of Dividend Capital Diversified Property Fund Inc., dated March 12, 2015, as supplemented by Supplement No. 1, dated May 13, 2015, Supplement No. 2, dated June 1, 2015 and Supplement No. 3, dated July 1, 2015 (the “Prospectus”). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus.
The purpose of this Supplement is to disclose that on July 7, 2015, we commenced a self-tender offer to purchase for cash up to $115 million of our Class E shares, subject to our ability to increase the number of shares accepted for payment in the offer by up to but not more than 2% of the Company’s outstanding Class E shares (resulting in a commensurate increase in the dollar volume by up to approximately $23 million) without amending or extending the offer in accordance with rules promulgated by the Commission, at a price specified by the tendering stockholders of not greater than $7.36 per share, which equals the NAV per share determined in accordance with our valuation procedures as of July 6, 2015, or less than $6.65 per Share, net to the seller in cash, less any applicable withholding taxes and without interest. The Company’s offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 7, 2015, and in the related Letter of Transmittal, filed with the Commission on Schedule TO on July 7, 2015 and available at www.sec.gov. Unless extended or withdrawn, the offer will expire at 5:00 p.m. Central Time, on Wednesday, August 5, 2015.
The purchase of Class E shares pursuant to the offer will have the following effects:
| • | Depending on how many shares are purchased, the offer will decrease the amount of cash we have available for other purposes, such as making new investments, and will likely increase our leverage and our borrowing costs as we intend to finance a portion of the offer with borrowings. |
| • | Depending on the purchase price, which may be lower than our NAV, the purchases of shares pursuant to the offer may have a slightly positive impact to our NAV for remaining stockholders. This positive impact may result in better overall total stockholder returns for remaining stockholders, which may result in a slight increase to the performance-based advisory fee that is paid to our Advisor. |
| • | Purchases of shares pursuant to the offer will increase the proportionate interest of stockholders that do not tender their shares. |
| • | Class E stockholders who tender all of their shares will give up the opportunity to participate in any potential future benefits from owning shares, including the right to receive any future dividends or distributions that we may pay. |
| • | Because there will be fewer outstanding Class E shares, we anticipate that the base management fees paid to our Advisor will decrease. |
| This ‘424B3’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 8/5/15 | ||||
| Filed on: | 7/7/15 | SC TO-I | ||
| 7/6/15 | ||||
| 7/1/15 | 424B3, 8-K | |||
| 6/1/15 | 424B3, 8-K | |||
| 5/13/15 | 424B3, 8-K, POS EX | |||
| 3/12/15 | 8-K, POS AM | |||
| List all Filings | ||||