Definitive Proxy Solicitation Material — Merger or Acquisition — Schedule 14A
Filing Table of Contents
Document/Exhibit Description Pages Size
1: DEFM14A Definitive Proxy Solicitation Material -- Merger 77 261K
or Acquisition
2: EX-10 Material Contract 70 206K
3: EX-10.1 Material Contract 3 13K
4: EX-10.2 Material Contract 9 25K
5: EX-10.3 Material Contract 2 11K
6: EX-10.4 Material Contract 16 47K
7: EX-12 Statement re: Computation of Ratios 39 158K
8: EX-12.1 Statement re: Computation of Ratios 9 38K
9: EX-12.2 Statement re: Computation of Ratios 9 42K
10: EX-12.3 Statement re: Computation of Ratios 10 45K
11: EX-20 Other Document or Statement to Security Holders 68 241K
12: EX-20.1 Other Document or Statement to Security Holders 1 7K
13: EX-20.2 Other Document or Statement to Security Holders 2 16K
EX-20.2 — Other Document or Statement to Security Holders
| EX-20.2 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
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ANNEX III
UNAUDITED PRO FORMA CONDENSED FINANCIAL INFORMATION
The following Unaudited Pro Forma Condensed Balance Sheet as of
September 30, 1999 and the Unaudited Pro Forma Statement of Changes in Net
Assets Available for Liquidation as of the same date are presented as if the
Partnership's sale of Cranberry Mall and the Partnership is liquidated on
September 30, 1999. This unaudited pro forma condensed financial data should
be read in conjunction with the audited financial statements for the fiscal
year ended December 31, 1998 included in the Annual Report on Form 10-K
attached to this Statement and the unaudited September 30, 1999 condensed
financial statement included in the September 30, 1999 Form 10-Q attached to
this Statement.
Shopco Regional Malls, L.P.
Unaudited Pro Forma Condensed Balance Sheet
September 30, 1999
[Enlarge/Download Table]
Pro Forma
Historical<F1> Pro Forma Pro Forma Balance Sheet at
Balance Sheet at Adjustments Liquidation September 30,
September 30, 1999 to effect the sale Adjustments 1999
------------------ ------------------ ------------ -----------------
Assets
Real estate held for disposition $33,150,000 $(33,150,000)<F2> $ -- $ --
Cash 7,081,982 1,415,000 <F2> 136,641 <F3> 8,918,613
284,990 <F3>
Other 1,219,117 -- (1,219,117)<F3> --
----------- ------------ ----------- ----------
Total Assets $41,451,099 $(31,735,000) $ (797,486) $8,918,613
=========== ============ =========== ==========
Liabilities, minority interest,
and partners' capital (deficit)
Mortgage note payable $31,025,000 $(31,025,000)<F2> $ -- $ --
Other 934,127 -- (934,127)<F3> --
348,000 <F4> 348,000
----------- ------------ ----------- ----------
Total Liabilities 31,959,127 (31,025,000)<F2> (586,127) 348,000
Minority Interest (105,585) -- 105,585 <F3> --
Partners' Capital (Deficit):
General Partner (85,483) (7,100)<F2> 136,641 <F3> --
(44,058)<F4>
Limited Partners 9,683,040 (702,900)<F2> (409,527)<F3,4> 8,570,613
----------- ------------ ----------- ----------
Total Partners' Capital 9,597,557 (710,000) (316,944) 8,570,613
----------- ------------ ----------- ----------
Total Liabilities, Minority
Interest, and Partners'
Capital $41,451,099 $(31,735,000) $ (797,486) $8,918,613
=========== ============ =========== ==========
See Accompanying Notes to Unaudited Pro Forma Condensed
Financial Information.
Unaudited Pro Forma Condensed Statement of Changes in Net Assets
Available for Liquidation
September 30, 1999
[Download Table]
Gross sales price $ 33,500,000 <F2>
Less estimated sales costs 1,060,000 <F2>
------------
Estimated net sales proceeds 32,440,000 <F2>
------------
Repayment of the mortgage note payable (31,025,000)
------------
Estimated net proceeds after mortgage payment 1,415,000
Cash available at September 30, 1999 7,081,982 <F1>
Reserves for unanticipated costs related to liquidation (348,000)<F4>
General Partner deficit restoration 136,641 <F3>
Liquidation of balance sheet accounts 284,990 <F3>
------------
Total Cash Available for Distributions $ 8,570,613
============
See accompanying Notes to Unaudited Pro Forma Condensed Financial Information.
Notes to Unaudited Pro Forma Condensed Financial Information
<FN>
<F1> The pro forma balance sheet was prepared by taking the historical
September 30, 1999 balance sheet reflected in the Partnership's
September 30, 1999 Form 10-Q and making adjustments for the Sale and
estimated partnership liquidation costs as if these transactions were
as of September 30, 1999.
<F2> To record the sale of the Cranberry Mall reflecting the repayment of the
mortgage note payable, the receipt of net proceeds and the allocation of
the loss to the General Partner and Limited Partners as follows:
Gross sales price $33,500,000
Estimated selling costs 1,060,000
-----------
Estimated net sales proceeds 32,440,000
Investment in real estate 33,150,000
-----------
Loss on Sale $ (710,000)
===========
Allocated as follows:
General Partner (7,100)
Limited Partner unit holders (702,900)
-----------
Loss on Sale $ (710,000)
===========
<F3> The net adjustment represents the liquidation of the September 30, 1999
assets, liabilities, minority interest and receipt of the General
Partner's deficit restoration payment.
<F4> The amount represents reserves for expenses related to the dissolution
and liquidation of the Partnership that the General Partner reasonably
deems necessary. These costs include legal, transfer agent fees, other
professional fees, reimbursed costs and miscellaneous expenses.
Dates Referenced Herein and Documents Incorporated by Reference
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