Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934*
Special Value Continuation Fund, LLC
------------------------------------
(Name of Issuer)
Series A Cumultive Preferred Interests
--------------------------------------
(Title of Class of Securities)
N/A
---
(CUSIP Number)
Thomas G. Sharpe, Esq.
Deputy General Counsel
IXIS Capital Markets
9 West 57th Street
New York, NY 10019
(212) 891-6191
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With a copy to:
Thomas H. French, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019
(212) 728-8000
July 31, 2006
-------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
* 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).
- --------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. - N/A
Page 2 of 4 pages
- ------------- ------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Versailles Assets LLC
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
- ------------- ------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ------------- ------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ------------- ------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------------- ----------- -----------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF ----------- -----------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH ----------- -----------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH -0-
----------- -----------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ------------- ------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- ------------- ------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions)
[ ]
- ------------- ------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
- ------------- ------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- ------------- ------------------------------------------------------------------
2
The Schedule 13D filed on August 10, 2006 (the "Schedule 13D") by
Versailles Assets, LLC in connection with the Preferred Interests of Special
Value Continuation Fund, LLC ("SVCF") is hereby amended by this Amendment No. 1.
Item 5. Interest in Securities of the Issuer
The Preferred Interest acquired by the Reporting Person were issued by
Special Value Continuation Partners, LP ("SVCP"), an affiliate of SVCF. In the
Schedule 13D the Reporting Person in error reported that such interests were
issued by SVCF. The Reporting Person does not hold any securities issued by
SVCF.
3
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.
Dated: August 15, 2006
Versailles Assets LLC
By: /s/ Bernard J. Angelo
-----------------------------------
Name: Bernard J. Angelo
Title: Senior Vice President