Third Party Tender OfferTender Offer Agreement • November 9th, 2016 • Divall Insured Income Properties 2 Limited Partnership • Real estate
On or about October 21, 2016, CMG Partners, LLC and its affiliates (collectively, the “Bidder”) distributed an Agreement of Assignment and Transfer to limited partners (“Limited Partners”) of DiVall Insured Income Properties 2, L.P. (the “Partnership”), for the purpose of making a third-party tender offer for up to 4.9% of the outstanding limited partnership units of the Partnership, including those already owned by the Bidder (“Units”), at a purchase price equal to $286 per Unit less transfer fees of $100 per investor and less any distributions paid or payable by the Partnership after October 21, 2016 (the “Offer”). A copy of the Offer was first delivered to the Partnership on November 3, 2016. Because the Offer seeks a maximum of 4.9% of the outstanding Units, the Bidder did not file a Schedule TO with the Securities and Exchange Commission (“SEC”).
