-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HykRdSihdtTHFuVhCUAaRxQqMLQLOb+8vch3JbwuEaTNtsymD9Bd4MSrMQ62y2yy BQ40rPP3jtNSfruO0nrzEw== 0001341004-06-002566.txt : 20060920 0001341004-06-002566.hdr.sgml : 20060920 20060920105418 ACCESSION NUMBER: 0001341004-06-002566 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060920 DATE AS OF CHANGE: 20060920 GROUP MEMBERS: TRINITY UNIVERSAL INSURANCE COMPANY GROUP MEMBERS: UNITED INSURANCE COMPANY OF AMERICA GROUP MEMBERS: UNITRIN, INC. MASTER RETIREMENT TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Special Value Continuation Fund, LLC CENTRAL INDEX KEY: 0001370755 IRS NUMBER: 562594706 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81954 FILM NUMBER: 061099465 BUSINESS ADDRESS: STREET 1: 2951 28TH STREET STREET 2: SUITE 1000 CITY: SANTA MONICA STATE: CA ZIP: 90405 BUSINESS PHONE: 310-566-1000 MAIL ADDRESS: STREET 1: 2951 28TH STREET STREET 2: SUITE 1000 CITY: SANTA MONICA STATE: CA ZIP: 90405 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UNITRIN INC CENTRAL INDEX KEY: 0000860748 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 954255452 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE EAST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3126614600 MAIL ADDRESS: STREET 1: ONE EAST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60601 SC 13G 1 chi510827.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. _____)* Special Value Continuation Fund, LLC ------------------------------------------------------- (Name of Issuer) Common Shares ------------------------------------------------------- (Title of Class of Securities) Not Applicable ------------------------------------------------------- (CUSIP Number) August 31, 2006 ------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. N/A Page 2 of 11 pages - -------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Unitrin, Inc. 95-4255452 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------- SHARES BENEFICIALLY 6. SHARED VOTING POWER(1) OWNED BY 56,421.07859 EACH ----------------------------------------------------- REPORTING PERSON 7. SOLE DISPOSITIVE POWER WITH: -0- ----------------------------------------------------- 8. SHARED DISPOSITIVE POWER 56,421.07859 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 56,421.07859 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.47% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* HC, CO - -------------------------------------------------------------------------------- - ---------------------------- (1) The investment decisions for the Common Shares held by the Unitrin, Inc. Master Retirement Trust are made by an Investment Committee comprised of directors of Unitrin, Inc. and therefore Unitrin, Inc. could be considered a beneficial owner of such Common Shares. Unitrin, Inc. disclaims beneficial ownership of such Common Shares. CUSIP No. N/A Page 3 of 11 pages - -------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Trinity Universal Insurance Company 75-0620550 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Texas - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------- SHARES BENEFICIALLY 6. SHARED VOTING POWER(1) OWNED BY 19,747.37757 EACH ----------------------------------------------------- REPORTING PERSON 7. SOLE DISPOSITIVE POWER WITH: -0- ----------------------------------------------------- 8. SHARED DISPOSITIVE POWER 19,747.37757 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,747.37757 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.71% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IC, CO - -------------------------------------------------------------------------------- CUSIP No. N/A Page 4 of 11 pages - -------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). United Insurance Company of America 36-1896670 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------- SHARES BENEFICIALLY 6. SHARED VOTING POWER(1) OWNED BY 19,747.37757 EACH ----------------------------------------------------- REPORTING PERSON 7. SOLE DISPOSITIVE POWER WITH: -0- ----------------------------------------------------- 8. SHARED DISPOSITIVE POWER 19,747.37757 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,747.37757 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.71% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IC, CO - -------------------------------------------------------------------------------- CUSIP No. N/A Page 5 of 11 pages - -------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Unitrin, Inc. Master Retirement Trust None - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a) [ ] (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION N/A - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER -0- NUMBER OF ----------------------------------------------------- SHARES BENEFICIALLY 6. SHARED VOTING POWER(1) OWNED BY 16,926.32345 EACH ----------------------------------------------------- REPORTING PERSON 7. SOLE DISPOSITIVE POWER WITH: -0- ----------------------------------------------------- 8. SHARED DISPOSITIVE POWER 16,926.32345 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,926.32345 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [x] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.04% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* EP - -------------------------------------------------------------------------------- Page 7 of 11 pages --------------------------------------------- Item 1(a). Name of Issuer: Special Value Continuation Fund, LLC Item 1(b). Address of Issuer's Principal Executive Offices: c/o Tennenbaum Capital Partners, LLC 2951 28th Street, Suite 1000 Santa Monica, California 90405 Item 2(a). Name of Person Filing: (i) Unitrin, Inc. ("Unitrin") (ii) Trinity Universal Insurance Company ("Trinity") (ii) United Insurance Company of America ("United") (iii) Unitrin, Inc. Master Retirement Trust ("Unitrin Trust") Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the principal business office of Unitrin, United and the Unitrin Trust is: One East Wacker Drive Chicago, Illinois 60601 The address of the principal business office of Trinity is: 12790 Merit Drive Dallas, Texas 75251 Item 2(c). Citizenship: See Item 4 of each cover page. The Unitrin Trust is governed by the Employee Retirement Income Security Act of 1974, as amended. Item 2(d). Title of Class of Securities: Common Shares of Issuer Item 2(e). CUSIP Number: Not applicable. Page 7 of 11 pages --------------------------------------------- Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [x] Insurance company as defined in section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [x] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [x] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. (a) Amount beneficially owned: See Item 9 of cover pages. The investment decisions for the Common Shares held by the Unitrin Trust are made by an Investment Committee comprised of directors of Unitrin and therefore Unitrin could be considered a beneficial owner of such Common Shares. Unitrin, Inc. disclaims beneficial ownership of such Common Shares. Each of Trinity, United and the Unitrin Trust disclaim beneficial ownership of Common Shares held by each of the other entities. (b) Percent of class: See Item 11 of cover pages. Page 8 of 11 pages --------------------------------------------- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Item 5 of cover pages. (ii) Shared power to vote or to direct the vote: See Item 6 of cover pages. The investment decisions for the Common Shares held by the Unitrin Trust are made by an Investment Committee comprised of directors of Unitrin and therefore Unitrin could be considered a beneficial owner of such Common Shares. Unitrin, Inc. disclaims beneficial ownership of such Common Shares. Each of Trinity, United and the Unitrin Trust disclaim beneficial ownership of Common Shares held by each of the other entities. (iii) Sole power to dispose or direct the disposition of: See Item 7 of cover pages. (iv) Shared power to dispose or direct the disposition of: See Item 8 of cover pages. The investment decisions for the Common Shares held by the Unitrin Trust are made by an Investment Committee comprised of directors of Unitrin and therefore Unitrin could be considered a beneficial owner of such Common Shares. Unitrin, Inc. disclaims beneficial ownership of such Common Shares. Each of Trinity, United and the Unitrin Trust disclaim beneficial ownership of Common Shares held by each of the other entities. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. The subsidiaries of Unitrin that acquired the Common Shares are Trinity and United. The Unitrin Trust is not a subsidiary of Unitrin. Item 8. Identification and Classification of Members of the Group. Not applicable. Page 9 of 11 pages --------------------------------------------- Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 10 of 11 pages --------------------------------------------- SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 11, 2006 --------------------------- Date UNITRIN, INC. By: /s/ Eric J. Draut --------------------------------------- Name: Eric J. Draut Title: Executive Vice President and Chief Financial Officer TRINITY UNIVERSAL INSURANCE COMPANY By: /s/ Eric J. Draut --------------------------------------- Name: Eric J. Draut Title: Assistant Vice President and Assistant Treasurer UNITED INSURANCE COMPANY OF AMERICA By: /s/ Eric J. Draut --------------------------------------- Name: Eric J. Draut Title: Assistant Vice President and Assistant Treasurer UNITRIN, INC. MASTER RETIREMENT TRUST By: /s/ Richard C. Vie --------------------------------------- Name: Richard C. Vie Title: Member, Unitrin, Inc. Master Retirement Trust Investment Committee Page 11 of 11 pages --------------------------------------------- EXHIBIT 1 JOINT FILING AGREEMENT This will confirm the agreement by and among all the undersigned that the Schedule 13G filed on or about this date and any amendments thereto with respect to the beneficial ownership by the undersigned of common shares of Special Value Continuation Fund, LLC is being filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1). This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. September 11, 2006 --------------------------- Date UNITRIN, INC. By: /s/ Eric J. Draut --------------------------------------- Name: Eric J. Draut Title: Executive Vice President and Chief Financial Officer TRINITY UNIVERSAL INSURANCE COMPANY By: /s/ Eric J. Draut --------------------------------------- Name: Eric J. Draut Title: Assistant Vice President and Assistant Treasurer UNITED INSURANCE COMPANY OF AMERICA By: /s/ Eric J. Draut --------------------------------------- Name: Eric J. Draut Title: Assistant Vice President and Assistant Treasurer UNITRIN, INC. MASTER RETIREMENT TRUST By: /s/ Richard C. Vie --------------------------------------- Name: Richard C. Vie Title: Member, Unitrin, Inc. Master Retirement Trust Investment Committee -----END PRIVACY-ENHANCED MESSAGE-----