SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
Not Applicable
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(CUSIP Number)
August 31, 2006
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(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
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Unitrin, Inc.
95-4255452
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a)
[ ] (b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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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-
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8. SHARED DISPOSITIVE POWER
56,421.07859
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,421.07859
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.47%
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12. TYPE OF REPORTING PERSON*
HC, CO
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(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
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Trinity Universal Insurance Company
75-0620550
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a)
[ ] (b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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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
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,747.37757
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [x]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.71%
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12. TYPE OF REPORTING PERSON*
IC, CO
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CUSIP No. N/A Page 4 of 11 pages
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
United Insurance Company of America
36-1896670
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a)
[ ] (b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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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
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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%
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12. TYPE OF REPORTING PERSON*
IC, CO
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CUSIP No. N/A Page 5 of 11 pages
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1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Unitrin, Inc. Master Retirement Trust
None
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* [ ] (a)
[ ] (b)
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
N/A
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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
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,926.32345
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [x]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.04%
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12. TYPE OF REPORTING PERSON*
EP
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Page 7 of 11 pages
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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
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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
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(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
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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
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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
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Date
UNITRIN, INC.
By: /s/ Eric J. Draut
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Name: Eric J. Draut
Title: Executive Vice President and
Chief Financial Officer
TRINITY UNIVERSAL INSURANCE COMPANY
By: /s/ Eric J. Draut
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Name: Eric J. Draut
Title: Assistant Vice President and
Assistant Treasurer
UNITED INSURANCE COMPANY OF AMERICA
By: /s/ Eric J. Draut
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Name: Eric J. Draut
Title: Assistant Vice President and
Assistant Treasurer
UNITRIN, INC. MASTER RETIREMENT TRUST
By: /s/ Richard C. Vie
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Name: Richard C. Vie
Title: Member, Unitrin, Inc. Master
Retirement Trust Investment
Committee
Page 11 of 11 pages
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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
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Name: Eric J. Draut
Title: Executive Vice President and
Chief Financial Officer
TRINITY UNIVERSAL INSURANCE COMPANY
By: /s/ Eric J. Draut
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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