-----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, KsKCtXxUjyfT6nSzgiom5ZZzevopv0evM+3jB7EFDKFsQYNBacyu/iJJ2NzBaLgR qAtLFLX+iErdnjcbgub1Iw== 0000950131-97-007282.txt : 19971216 0000950131-97-007282.hdr.sgml : 19971216 ACCESSION NUMBER: 0000950131-97-007282 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971215 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CEDAR INCOME FUND LTD CENTRAL INDEX KEY: 0000761648 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 421241468 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-38070 FILM NUMBER: 97738591 BUSINESS ADDRESS: STREET 1: 4333 EDGEWOOD RD NE CITY: CEDAR RAPIDS STATE: IA ZIP: 52499 BUSINESS PHONE: 3193988975 MAIL ADDRESS: STREET 1: 4333 EDGEWOOD ROAD NE CITY: CEDAR RAPIDS STATE: IA ZIP: 52499 FORMER COMPANY: FORMER CONFORMED NAME: CEDAR INCOME FUND 1 LTD DATE OF NAME CHANGE: 19891010 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AEGON USA INC CENTRAL INDEX KEY: 0000900385 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 421310237 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1111 NORTH CHARLES ST CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 3193988660 MAIL ADDRESS: STREET 1: 4333 EDGEWOOD RD NE CITY: CEDAR RAPIDS STATE: IA ZIP: 25499 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ____)/*/ Cedar Income Fund, Ltd. ________________________________________________________________________________ (Name of Issuer) Common Stock, $1.00 par value ________________________________________________________________________________ (Title of Class of Securities) 15043810 _______________________________________________________________ (CUSIP Number) Robert S. Jett, III Counsel AEGON USA, INC. 4333 Edgewood Road, NE Cedar Rapids, Iowa 52499 (319) 398-8040 ________________________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 5, 1997 _______________________________________________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [X]. /*/ 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 disclosures provided in a prior cover page. The information required on 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). Page 1 of 25 Pages SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 2 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON,N.V. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 THE NETHERLANDS - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 584,567 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 584,567 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 584,567 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 26.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 HC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 3 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON USA, INC. 42-1310237 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 584,567 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 584,567 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 584,567 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 26.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 HC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 4 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON USA Investment Management, Inc. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 00 - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 584,567 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 584,567 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 584,567 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 26.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IA - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 5 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PFL LIFE INSURANCE COMPANY - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 375,550 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 375,550 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 375,550 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 16.7% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 6 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON BANKERS UNITED LIFE ASSURANCE COMPANY - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 84,700 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 84,700 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 84,700 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.8% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 7 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LIFE INVESTORS INSURANCE COMPANY OF AMERICA - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 76,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 76,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 76,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 3.4% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 8 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AEGON USA REALTY ADVISORS, INC. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 IOWA - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 44,317 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 44,317 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 44,317 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 2.0% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ SCHEDULE 13D - ----------------------- --------------------- CUSIP NO. 15043810 PAGE 9 OF 25 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON FIRST AUSA LIFE INSURANCE COMPANY - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 WC - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 MARYLAND - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 OWNED BY 4,000 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 4,000 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 4,000 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 .2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 IC - ------------------------------------------------------------------------------ Item 1. SECURITY AND ISSUER This Schedule relates to shares of Common Stock, $1.00 par value, (the "Issuer Common Stock"), of Cedar Income Fund, Ltd. (the "Issuer"). Holders of Common Stock are entitled to one vote per share on all matters to be voted on by the Issuer's shareholders. According to information provided by the Issuer, as of December 5, 1997, there were 2,245,411 shares of Common Stock issued and outstanding. The address of the Issuer's principal executive offices is 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499. Item 2. IDENTITY AND BACKGROUND (a), (b), (c) and (f). This Schedule is being filed by Aegon, N.V., a holding company organized under the laws of The Netherlands, Aegon USA, Inc., a subsidiary of Aegon, N.V. and a holding company incorporated under the laws of Iowa ("Aegon"), and by six wholly owned subsidiaries of Aegon: (i) Aegon USA Investment Management, Inc. ("AIM"), (ii) PFL Life Insurance Company ("PFL"), (iii) Bankers United Life Assurance Company ("Bankers"), (iv) Life Investors Insurance Company of America ("Life"), (v) Aegon USA Realty Advisors, Inc. ("Realty") and (vi) First AUSA Life Insurance Company ("AUSA") (the subsidiaries named in (ii) - (vi) above are referred to herein collectively as the "Subsidiaries"). Aegon, N.V., Aegon and the Subsidiaries (with the exception of Realty) are primarily engaged in the insurance business throughout Europe and the U.S. AIM provides investment management services and Realty provides real estate advisory services. Aegon, N.V.'s executive offices are located Mariahoeveplein 50, 2591 TV The Hague, The Netherlands. Aegon's and AUSA's executive offices are located at 1111 North Charles Street, Baltimore, Maryland 21201. The executive offices of AIM, PFL, Bankers, Life and Realty are located at 4333 Edgewood Road NE, Cedar Rapids, Iowa 52499. The names, business addresses, principal occupations and citizenship of the directors and executive officers of Aegon, N.V., Aegon, AIM and each of the Subsidiaries are set forth in Annex A hereto. Realty acts as Advisor and Aegon USA Realty Management, Inc. ("Management") acts as Property Manager for the Issuer. Both Realty and Management are wholly owned subsidiaries of Aegon. (d) and (e). During the last five years, none of Aegon, N.V., Aegon, AIM or any of the Subsidiaries, and, to the best knowledge of Aegon, N.V., Aegon, AIM and the Subsidiaries, none of the directors and executive officers of Aegon, N.V., Aegon, AIM or the Subsidiaries, have (i) been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding have been or are subject to a judgment, decree or final order enjoining future violations of, or Page 10 of 25 pages prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION All shares of Common Stock were purchased by the Subsidiaries with working capital of the Subsidiaries. Item 4. PURPOSE OF TRANSACTION The Subsidiaries have entered into a tender agreement, dated as of December 5, 1997 (the "Tender Agreement"), with SKR Management Corp., a New York corporation ("SKR"), a copy of which is filed as an exhibit to the Form 8-K filed by the Issuer on December 8, 1997 (the "Form 8-K") and incorporated herein by reference. The Tender Agreement was executed in connection with the execution of a Memorandum of Understanding, dated as of December 5, 1997, between the Issuer and SKR (the "Memorandum of Understanding"). The Memorandum of Understanding, a copy of which is filed as an exhibit to the Form 8-K, provides for, among other things and subject to certain conditions, a tender offer by SKR for all of the outstanding shares of Issuer Common Stock at a price of $7.00 per share. For additional information with respect to the Tender Agreement, see Item 6 below. Item 5. INTEREST IN SECURITIES OF THE ISSUER (a) and (b) The Subsidiaries collectively own 584,567 shares of Issuer Common Stock, constituting 26.0% of the outstanding Common Stock of the Issuer (see pages 2-9 hereof for the number of shares beneficially owned by each reporting person). This represents 26.0% of the total voting power of the Issuer Common Stock. (c) There have been no transactions in shares of Issuer Common Stock by Aegon, N.V., Aegon, AIM or the Subsidiaries, or to the best knowledge of Aegon, N.V., Aegon, AIM or the Subsidiaries, by any of the executive officers or directors of Aegon, N.V., Aegon, AIM or the Subsidiaries, during the past 60 days. (d) Not applicable. (e) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER The Tender Agreement The Tender Agreement was executed by the Subsidiaries in order to induce SKR to execute the Memorandum of Understanding and in consideration of the substantial expenses Page 11 of 25 pages incurred and to be incurred by SKR in connection therewith. In the Tender Agreement, each of the Subsidiaries has agreed, subject to the terms and conditions specified therein, to tender or cause to be tendered to SKR pursuant to the Tender Offer all of the shares of Issuer Common Stock owned by such Subsidiary. No consideration was paid in connection with the execution of the Tender Agreement. None of Aegon, N.V., Aegon or AIM is a party to the Tender Agreement. In addition, the Tender Agreement provides for a "purchase option" (the "Option"), exercisable by SKR in certain circumstances. Upon receipt of notice from the Subsidiaries of a "Triggering Event," defined as "(i) the proposal by any person or group of persons of a Competing Transaction (as defined in the Memorandum of Understanding) in which the consideration to be received by holders of Issuer Common Stock is in excess of $7.00 per share in cash and which is applicable to each share of Issuer Common Stock outstanding (other than any shares of Issuer Common Stock owned by the person or group of persons proposing such Competing Transaction or any of their respective affiliates), and (ii) the withdrawal by the Board of Directors of the Issuer of its recommendation or proposed recommendation to the shareholders of the Issuer that they tender their shares in the Tender Offer," SKR has the right, pursuant to the Tender Agreement, to purchase all shares of Issuer Common Stock owned by the Subsidiaries at a price determined as described below. The purchase price payable by SKR upon exercise of the Option shall be equal to the price per share payable in the Competing Transaction giving rise to the Triggering Event; provided, however, in the event the price per share paid by SKR in the Tender Offer or in such Competing Transaction is increased (i) after SKR has given notice of its intent to exercise the Option, then SKR shall pay to the Subsidiaries in cash an additional amount per share for the shares to be purchased pursuant to the Option equal to the difference between (x) the highest price per share paid or to be paid by SKR in the Tender Offer or in such Competing Transaction, as applicable, and (y) the per share purchase price previously anticipated to be paid by SKR to the Subsidiaries, or (ii) after SKR has purchased the shares pursuant to the Option, then SKR shall pay to the Subsidiaries in cash an additional amount per share for the Shares so purchased equal to the difference between (x) the highest price per share paid by SKR in the Tender Offer or in any Competing Transaction, as applicable, and (y) the per share purchase price previously paid by SKR to the Subsidiaries. Investment Management Agreements Each of PFL, Bankers, Life and AUSA have entered into separate agreements with AIM, which gives AIM, subject to certain conditions in such agreements, power to direct the investment and reinvestment of the assets in such subsidiary's account, including the securities of the Issuer, in AIM's sole discretion. Realty has informally given AIM the same power over its assets. Page 12 of 25 pages Item 7. MATERIAL TO BE FILED AS EXHIBITS (a) Agreement among Aegon USA, Inc., PFL Life Insurance Company, Bankers United Life Assurance Company, Life Investors Insurance Company of America, Aegon USA Realty Advisors, Inc. and First AUSA Life Insurance Company relating to the joint filing of the Schedule 13D. (b) Tender Agreement, dated as of December 5, 1997, by and among the Subsidiaries and SKR Management Corp. (incorporated by reference to Exhibit 2.3 to the Issuer's Current Report on Form 8-K filed on December 8, 1997, File No. 0-14510). (c) Memorandum of Understanding, dated as of December 5, 1997, by and among the Issuer and SKR Management Corp. (incorporated by reference to Exhibit 2.1 to the Issuer's Current Report on Form 8-K filed December 8, 1997, File No. 0-14510). Page 13 of 25 pages SIGNATURE 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. December 15, 1997 AEGON, N.V. /s/ Donald J. Shepard By:__________________________________ Donald J. Shepard Name: ___________________________ Executive Title:___________________________ AEGON USA, INC. /s/ Brenda Clancy By:__________________________________ Brenda Clancy Name: ___________________________ Senior V.P. and Treasurer Title:___________________________ AEGON USA INVESTMENT MANAGEMENT, INC. /s/ Patrick E. Falconio By:__________________________________ Patrick E. Falconio Name: ___________________________ President Title:___________________________ PFL LIFE INSURANCE COMPANY /s/ William L. Burler By:__________________________________ William L. Burler Name: ___________________________ President Title:___________________________ BANKERS UNITED LIFE ASSURANCE COMPANY /s/ Brenda Clancy By:__________________________________ Brenda Clancy Name: ___________________________ CFO and Treasurer Title:___________________________ Page 14 of 25 pages LIFE INVESTORS INSURANCE COMPANY OF AMERICA /s/ Patrick S. Baird By:__________________________________ Patrick S. Baird Name: ___________________________ Senior V.P. Title:___________________________ AEGON USA REALTY ADVISORS, INC. /s/ Patrick E. Falconio By:_________________________________ Patrick E. Falconio Name:____________________________ Director Title:___________________________ FIRST AUSA LIFE INSURANCE COMPANY /s/ Patrick S. Baird By:__________________________________ Patrick S. Baird Name: ___________________________ President Title:___________________________ Page 15 of 25 pages Annex A The following sets forth the company, name of individual and present principal occupation or employment of each of the directors and executive officers of Aegon, N.V., Aegon, AIM, PFL, Bankers, Life, Realty and AUSA. The business address for directors and executive officers of AEGON, N.V. is Mariahoeveplein 50, 2591 TV the Hague, The Netherlands. The business address for each of the AEGON and AUSA directors and executive officers is 1111 N. Charles Street, Baltimore, Maryland 21201. The business address for each of the AIM, PFL, Bankers, Life and Realty directors and executive officers is 4333 Edgewood Road, N.E., Cedar Rapids, Iowa 52499.
Company Name Position - ----------------------------- ------------------------------ ------------------------ Aegon, N.V. Van Wijk, H.B. Principal Account Officer Aegon, N.V. Van de Veijn, P. Executive Officer Aegon, N.V. Shepard, Donald J. Executive Officer Aegon, N.V. Storm, K.J. Chief Executive Officer Aegon, N.V. Van Schaik, G. Supervisory Board Member Aegon, N.V. Oort, C.J. Supervisory Board Member Aegon, N.V. DeWit, F.J. Supervisory Board Member Aegon, N.V. Gerritse, G. Supervisory Board Member Aegon, N.V. Van Hoof, J.A.P. Supervisory Board Member Aegon, N.V. Scholten, W. Supervisory Board Member Aegon, N.V. Tabaksblat, M. Supervisory Board Member Aegon, N.V. Paijs, K.M.H. Supervisory Board Member Aegon, N.V. Leysen, A. Supervisory Board Member Aegon, N.V. Davis, P.J. Supervisory Board Member Aegon, N.V. Okay, O.J. Supervisory Board Member Aegon, N.V. Peters, J.F.M. Supervisory Board Member Aegon, N.V. DeRuiter, H. Supervisory Board Member Aegon USA, Inc. Bailey, II, Irving W. Director Aegon USA, Inc. Disharoon, Leslie B. Director Aegon USA, Inc. Dunn, Jr., Edward K. Director Aegon USA, Inc. Foster, William H. Director Aegon USA, Inc. Meyer, Edward C. Director Aegon USA, Inc. Shepard, Donald J. Director Aegon USA, Inc. Storm, Kornelis J. Director Aegon USA, Inc. Warren, E. Kirby Director Aegon USA, Inc. Bailey, II, Irving W. Vice Chairman of The Board Aegon USA, Inc. Baird, Patrick S. Chief Operating officer Aegon USA, Inc. Shepard, Donald J. Chairman of The Board, C.E.O. and President Aegon USA, Inc. Baird, Patrick S. Executive Vice President Aegon USA, Inc. Clancy, Brenda K. Senior Vice President and Treasurer Aegon USA, Inc. Falconio, Patrick E. Chief Investment officer and Executive Vice President Aegon USA, Inc. Herbert, Jr., Bart Executive Vice President Aegon USA, Inc. Kolsrud, Douglas C. Executive Vice President Aegon USA, Inc. Vermie, Craig D. Secretary Aegon USA, Inc. Dutcher, Joseph A. Director of Internal Audit
Page 16 of 25 pages
Aegon USA Investment Clancy, Brenda K. Director Management, Inc. Aegon USA Investment Falconio, Patrick E. Director Management, Inc. Aegon USA Investment Vermie, Craig D. Director Management, Inc. Aegon USA Investment Falconio, Patrick E. President Management, Inc. Aegon USA Investment Flynn, Donald E. Executive Vice President Management, Inc. Aegon USA Investment Halfpap, David R. Senior Vice President Management, Inc. Aegon USA Investment Kolsrud, Douglas C. Executive Vice President Management, Inc. Aegon USA Investment O'Brien, Ralph M. Senior Vice President Management, Inc. Aegon USA Investment Opp, Steven P. Senior Vice President Management, Inc. Aegon USA Investment Ross, James D. Executive Vice President Management, Inc. Aegon USA Investment Sheets, Clifford A. Executive Vice President Management, Inc. Aegon USA Investment Vanmeter, Michael Senior Vice President Management, Inc. Aegon USA Investment Theobald, Gregory W. Secretary Management, Inc. Aegon USA Investment Kettering, Jon D. Treasurer Management, Inc. PFL Life Insurance Company Baird, Patrick S. Director PFL Life Insurance Company Busler, William L. Director PFL Life Insurance Company Falconio, Patrick E. Director PFL Life Insurance Company Kolsrud, Douglas C. Director PFL Life Insurance Company Vermie, Craig D. Director PFL Life Insurance Company Baird, Patrick S. Chief Operating officer and Senior Vice President PFL Life Insurance Company Busler, William L. Chairman of The Board and President PFL Life Insurance Company Rekoski, David G. Division Executive Vice Pres.
Page 17 of 25 pages
PFL Life Insurance Company Barry, Leo C. Executive Vice President PFL Life Insurance Company Brown, Larry G. Senior Vice President PFL Life Insurance Company Dykhouse, Jack R. Executive Vice President PFL Life Insurance Company Eno, Rex B. Executive Vice President PFL Life Insurance Company Falconio, Patrick E. Chief Investment Officer and Senior Vice President PFL Life Insurance Company Herbert, Jr., Bart Executive Vice President PFL Life Insurance Company Jenkins, B. Larry Executive Vice President PFL Life Insurance Company Kenney, John R. Executive Vice President PFL Life Insurance Company Schlossberg, Tom A. Executive Vice President PFL Life Insurance Company Soppe, Janet M. Executive Vice President PFL Life Insurance Company Vermie, Craig D. Secretary PFL Life Insurance Company Clancy, Brenda K. Treasurer PFL Life Insurance Company Kolsrud, Danny L. Director of Taxes Bankers United Life Assurance Baird, Patrick S. Director Company Bankers United Life Assurance Falconio, Patrick E. Director Company Bankers United Life Assurance Kenney, John R. Director Company Bankers United Life Assurance Kolsrud, Douglas C. Director Company Bankers United Life Assurance Vermie, Craig D. Director Company Bankers United Life Assurance Baird, Patrick S. Chief Operating Officer and Senior Vice President Company Bankers United Life Assurance Collins, Herb C. Division Executive Vice Company Pres. Bankers United Life Assurance Hurley, G. John Division Executive Vice Company Pres. Bankers United Life Assurance Kenney, John R. Chairman of The Board and President Company Bankers United Life Assurance Yaeger, Alan M. Division Executive Vice Company Pres.
Page 18 of 25 pages
Bankers United Life Assurance Barry, Leo C. Senior Vice President Company Bankers United Life Assurance Brown, Larry G. Senior Vice President Company Bankers United Life Assurance Busler, William L. Executive Vice President Company Bankers United Life Assurance Dykhouse, Jack R. Executive Vice President Company Bankers United Life Assurance Eno, Rex B. Executive Vice President Company Bankers United Life Assurance Falconio, Patrick E. Chief Investment Officer and Senior Vice President Company Bankers United Life Assurance Greer, Richard R. Senior Vice President Company Bankers United Life Assurance Herbert, Jr., Bart Executive Vice President Company Bankers United Life Assurance Soppe, Janet M. Executive Vice President Company Bankers United Life Assurance Vermie, Craig D. Secretary Company Bankers United Life Assurance Clancy, Brenda K. Treasurer Company Bankers United Life Assurance Kolsrud, Danny L. Director of Taxes Company Life Investors Insurance Baird, Patrick S. Director Company of America Life Investors Insurance Busler, William L. Director Company of America Life Investors Insurance Clancy, Brenda K. Director Company of America Life Investors Insurance Eno, Rex B. Director Company of America Life Investors Insurance Falconio, Patrick E. Director Company of America Life Investors Insurance Kolsrud, Douglas C Director Company of America Life Investors Insurance Vermie, Craig D. Director Company of America Life Investors Insurance Baird, Patrick S. Chief Operating Officer and Senior Vice President Company of America Life Investors Insurance Eno, Rex B. Chairman of The Board and President Company of America
Page 19 of 25 pages
Life Investors Insurance Rekoski, David G. Division Executive Vice Company of America Pres. Life Investors Insurance Verhagen, Cor H. International Director Company of America Life Investors Insurance Brown, Larry G. Senior Vice President Company of America Life Investors Insurance Busler, William L. Executive Vice President Company of America Life Investors Insurance Dykhouse, Jack R. Executive Vice President Company of America Life Investors Insurance Falconio, Patrick E. Chief Investment Officer and Company of America Senior Vice President Life Investors Insurance Herbert, Jr., Bart Executive Vice President Company of America Life Investors Insurance Jenkins, B. Larry Executive Vice President Company of America Life Investors Insurance Kenney, John R. Executive Vice President Company of America Life Investors Insurance Schlossberg, Tom A. Executive Vice President Company of America Life Investors Insurance Soppe, Janet M. Executive Vice President Company of America Life Investors Insurance Vermie, Craig D. Secretary Company of America Life Investors Insurance Clancy, Brenda K. Treasurer Company of America Life Investors Insurance Kolsrud, Danny L. Director of Taxes Company of America
Page 20 of 25 pages
Aegon USA Realty Advisors Inc. Blankenship, David L. Director Aegon USA Realty Advisors Inc. Clancy, Brenda K. Director Aegon USA Realty Advisors Inc. Falconio, Patrick E. Director Aegon USA Realty Advisors Inc. Kaplan, Steven J. Director Aegon USA Realty Advisors Inc. Kolsrud, Douglas C. Director Aegon USA Realty Advisors Inc. Schlossberg, Tom A. Director Aegon USA Realty Advisors Inc. Blankenship, David L. Chairman of the Board and President Aegon USA Realty Advisors Inc. Dewald, Maureen Senior Vice President and Secretary Aegon USA Realty Advisors Inc. Fletcher, Alan F. Senior Vice President Aegon USA Realty Advisors Inc. Ford, J. Dennis Senior Vice President Aegon USA Realty Advisors Inc. Nordstrom, Thomas L. Senior Vice President Aegon USA Realty Advisors Inc. Schumacher, Lindsay Senior Vice President
Page 21 of 25 pages
First AUSA Life Insurance Baird, Patrick S. Director Company First AUSA Life Insurance Brown, Larry G. Director Company First AUSA Life Insurance Busler, William L. Director Company First AUSA Life Insurance Clancy, Brenda K. Director Company First AUSA Life Insurance Falconio, Patrick E. Director Company First AUSA Life Insurance Herbert, Jr., Bart Director Company First AUSA Life Insurance Kolsrud, Douglas C. Director Company First AUSA Life Insurance Kontz, Robert J. Director Company First AUSA Life Insurance Vermie, Craig D. Director Company First AUSA Life Insurance Baird, Patrick S. Chairman of The Board and President First AUSA Life Insurance Falconio, Patrick E. Chief Investment Officer and Senior Vice President Company First AUSA Life Insurance Vermie, Craig D. Secretary Company First AUSA Life Insurance Clancy, Brenda K. Treasurer Company First AUSA Life Insurance Kontz, Robert J. Controller Company First AUSA Life Insurance Kolsrud, Danny L. Director of Taxes Company
Page 22 of 25 pages Exhibit (a) Agreement This Agreement is made by and among (i) Aegon, N.V., (ii) Aegon USA, Inc., (iii) Aegon USA Investment Management, Inc., (iv) PFL Life Insurance Company, (v) Bankers United Life Assurance Company, (vi) Life Investors Insurance Company of America, (vii) Aegon USA Realty Advisors, Inc. and (viii) First AUSA Life Insurance Company. Whereas, each of the parties hereto may be required to file a statement with the U.S. Securities and Exchange Commission containing the information required by Schedule 13D with respect to shares of Common Stock of Cedar Income Fund, Ltd.; and Whereas, the parties hereto desire to set forth their agreement regarding the joint filing of a statement containing such information. Now, therefore, the parties hereto hereby agree as follows: 1. Pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934, the parties hereto shall jointly prepare and file a single statement on behalf of each of them containing the information required by Schedule 13D with respect to shares of Common Stock of Cedar Income Fund, Ltd. and any amendments thereto. Each party shall be responsible for the timely filing of such statement and amendments thereto and for the completeness and accuracy of information concerning such party contained therein. 2. This Agreement may be executed in one or more counterparts. Page 23 of 25 pages In Witness Whereof, the parties hereunto have executed this Agreement. Aegon, N.V. By: /s/ Donald J. Shepard -------------------------------- Name: Donald J. Shepard --------------------------- Title: Executive -------------------------- Aegon USA, Inc. By: /s/ Brenda Clancy -------------------------------- Name: Brenda Clancy --------------------------- Title: Senior V.P. and Treasurer -------------------------- Aegon USA Investment Management, Inc. By: /s/ Patrick E. Falconio -------------------------------- Name: Patrick E. Falconio --------------------------- Title: President -------------------------- PFL Life Insurance Company By: /s/ William L. Busler -------------------------------- Name: William L. Busler --------------------------- Title: President -------------------------- Bankers United Life Assurance Company By: /s/ Brenda Clancy -------------------------------- Name: Brenda Clancy --------------------------- Title: CFO and Treasurer -------------------------- Page 24 of 25 pages Life Investors Insurance Company of America By: /s/ Patrick S. Baird -------------------------------- Name: /s/ Patrick S. Baird --------------------------- Title: Senior Vice President -------------------------- Aegon USA Realty Advisors, Inc. By: /s/ Patrick E. Falconio -------------------------------- Name: /s/ Patrick E. Falconio --------------------------- Title: Director -------------------------- First AUSA Life Insurance Company By: /s/ Patrick S. Baird -------------------------------- Name: /s/ Patrick S. Baird --------------------------- Title: President -------------------------- Page 25 of 25 pages -----END PRIVACY-ENHANCED MESSAGE-----