Published: July 27, 2009
Northland Cable Properties Eight Limited Partnership Response to Peachtree Partners Tender Offer
SEATTLE - (BUSINESS WIRE) - Northland Cable Properties Eight Limited Partnership (the "Partnership" )
was recently made aware of a July 10, 2009 offer by Peachtree Partners
("Peachtree" ) to purchase up to 4.9% of the limited partnership units of
the Partnership at $105 per unit less an administrative fee of $150 per
investor and less any distributions paid after July 10, 2009. Under
Securities and Exchange Commission (the "SEC" ) Release No. 34-43069 and
Rule 14e-2 under the Securities Exchange Act of 1934, the Partnership is
obligated to respond to such offers by stating its position with respect
to the tender offer.
The Partnership does not in any way recommend or endorse Peachtree's
offer and expresses no opinion and is remaining neutral as to whether
the Partnership's limited partners should tender their units in the
offer. The Partnership is not associated with Peachtree, the offer or
the offer documentation. The Partnership encourages its limited partners
to consult their financial and tax advisors concerning this offer.
The SEC has cautioned investors about offers of this nature. Mini-tender
offers, which are offers to buy less than 5 percent of a company's
equity, "have been increasingly used to catch investors off guard,"
according to an investor alert on the SEC's website. Limited partners
should be aware that many of the SEC's tender offer rules designed to
protect investors do not apply to mini-tender offers. To read more about
the risks of mini-tender offers, please review an investor alert on the
SEC's website, available at www.sec.gov/investor/pubs/minitend.htm.
Limited partners should be aware that there is no established trading
market for the units and, accordingly, there is no established trading
price for the units. Information on recent sales of limited partnership
units may be obtained through the American Partnership Board at (800)
736-9797. The Partnership is not associated with the American
Partnership Board and pricing information obtained through the American
Partnership Board may not reflect the fair value of the units.
For more information about the Partnership, please see the Partnership's
SEC filing, including its Annual Report on Form 10-K for the year ended
December 31, 2008. These filings can be found on the SEC's website at www.sec.gov.
Northland Communications Corporation
Investor Relations
Lisa
Spomer, 206-621-1351
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