Exhibit (a)(4)
[As published in Investor's Business Daily, April 5, 2002]
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This announcement is neither an offer to buy nor a solicitation of an offer to
sell Units. The Offers are being made solely by the formal Offer to Purchase
forwarded to Unit holders of record and is not being made to, nor will tenders
be accepted from or on behalf of, Unit holders residing in any jurisdiction in
which making or accepting the Offers would violate that jurisdiction's laws. In
those jurisdictions where the securities, blue sky or other laws require the
Offers to be made by a licensed broker or dealer, the Offers shall be deemed to
be made on behalf of Purchasers only by one or more registered dealers licensed
under the laws of such jurisdiction.
Notice of Offer to Purchase for Cash
up to the following number of units of limited
partnership interest ("Units") of the following limited
partnerships ("Partnerships") at the following prices:
Maximum Price
Issuer Number of Units Per Unit
- ------- --------------- -----------
DSI REALTY INCOME FUND VI,
a California Limited Partnership 23,753 $340
DSI REALTY INCOME FUND VII,
a California Limited Partnership 24,000 $300
DSI REALTY INCOME FUND VIII,
a California Limited Partnership 24,000 $340
DSI REALTY INCOME FUND IX,
a California Limited Partnership 30,693 $260
DSI REALTY INCOME FUND XI,
a California Limited Partnership 20,000 $300
by
MACKENZIE PATTERSON, INC.; MP INCOME FUND 18, LLC; MP INCOME FUND 17, LLC;
MP FALCON FUND, LLC; MP FALCON GROWTH FUND, LLC; MP FALCON GROWTH FUND 2, LLC;
MACKENZIE FUND VI, L.P.; MACKENZIE PATTERSON SPECIAL FUND 3, L.P.; ACCELERATED
HIGH YIELD INSTITUTIONAL FUND I, LTD.; ACCELERATED HIGH YIELD INSTITUTIONAL
INVESTORS, LTD.; MACKENZIE SPECIFIED INCOME FUND, L.P.;
AND MP DEWAAY FUND, LLC. (the "Purchasers")
The Purchasers are offering to purchase for cash Units of each of the
Partnerships upon the terms and subject to the conditions set forth in
Purchasers' Offer to Purchase and in the related Letter of Transmittal (which
together constitute the "Offer" and the "Tender Offer Documents") with respect
to each Partnership.
THE OFFERS AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, PACIFIC DAYLIGHT
TIME, ON MAY 31, 2002, UNLESS AN OFFER IS EXTENDED.
Funding for the purchase of the Units will be provided through the Purchasers'
existing working capital. The Offers are not made for the purpose of acquiring
or influencing control of the business of the issuers. The Offers will expire at
12:00 midnight, Pacific Daylight Time on May 31, 2002, unless and until
Purchasers, in their sole discretion, shall have extended the period of time for
which an Offer is open (such date and time, as extended the "Expiration Date").
The Purchasers will not provide a subsequent offering period following the
Expiration Date. If Purchasers make a material change in the terms of an Offer,
or if they waive a material condition to an Offer, Purchasers will extend the
Offer and disseminate additional tender offer materials to the extent required
by Rules 14d-4(c) and 14d-6(d) under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). The minimum period during which an offer must
remain open following any material change in the terms of the offer, other than
a change in price or a change in percentage of securities sought or a change in
any dealer's soliciting fee, will depend upon the facts and circumstances
including the materiality of the change with respect to a change in price or,
subject to certain limitations, a change in the percentage of securities ought
or a change in any dealer's soliciting fee. A minimum of ten business days from
the date of such change is generally required to allow for adequate
dissemination to Unit holders. Accordingly, if prior to the Expiration Date,
Purchasers increase (other than increases of not more than two percent of the
outstanding Units) or decrease the number of Units being sought, or increase or
decrease the consideration offered pursuant to an Offer, and if the Offer is
scheduled to expire at any time earlier than the period ending on the tenth
business day from the date that notice of such increase or decrease is first
published, sent or given to Unit holders, the Offer will be extended at least
until the expiration of such ten business days. For purposes of the Offers, a
"business day" means any day other than a Saturday, Sunday or federal holiday
and consists of the time period from 12:01 a.m. through 12:00 midnight, Pacific
Standard Time. In all cases payment for the Units purchased pursuant
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to the Offers will be made only after timely receipt of the Letters of
Transmittal (or facsimiles thereof), properly completed and duly executed, with
any required signature guarantees, and any other documents required by such
Letters of Transmittal.
Tenders of Units made pursuant to the Offers are irrevocable, except that Unit
holders who tender their Units in response to the Offers will have the right to
withdraw their tendered Units at any time prior to the Expiration Date by
sending to the Depositary, MacKenzie Patterson, Inc., a written or facsimile
transmission notice of withdrawal identifying the name of the person who
tendered Units to be withdrawn, signed by the same persons and in the same
manner as the Letter of Transmittal tendering the Units to be withdrawn. In
addition, tendered Units may be withdrawn at any time on or after June 5, 2002,
unless the tender has theretofore been accepted for payment as provided above.
If tendering Unit holders tender more than the number of Units that Purchasers
seek to purchase pursuant to the Offer for those Units, Purchasers will take
into account the number of Units so tendered and take up and pay for as nearly
as may be pro rata, disregarding fractions, according to the number of Units
tendered by each tendering Unit holder during the period during which that Offer
remains open. The terms of the Offers are more fully set forth in the respective
formal Tender Offer Documents which are available from Purchasers at the
Purchasers= expense. The Offers contain terms and conditions and the information
required by Rule 14d-6(d)(1) under the Exchange Act which are incorporated
herein by reference. The Tender Offer Documents contain important information
which should be read carefully before any decision is made with respect to the
Offer.
The Tender Offer Documents may be obtained by written request to Purchasers or
as set forth below. A request has been made to each of the Partnerships pursuant
to Rule 14d-5 under the Exchange Act for the use of its list of Unit holders for
the purpose of disseminating the Offers to Unit holders. Upon compliance by the
Partnerships with such request, the Tender Offer Documents and, if required,
other relevant materials will be mailed at the Purchasers expense to record
holders of Units brokers, banks and similar persons whose names appear or whose
nominee appears on the list of securities holders, or persons who are listed as
participants in a clearing agency's security position listing, for subsequent
transmittal to beneficial owners of Units.
For Copies of the Tender Offer Documents Call Purchasers at 800-854-8357 or
Make a Written Request Addressed to
MacKenzie Patterson, Inc., 1640 School Street, Moraga, California 94556.
Telecopy: (925) 631-9119
April 5, 2002
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