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LinnCo LLC
Ticker Symbol: LNCOQ* CUSIP: 536020100 Exchange: OTOTC
* NOTE: This security is no longer trading as of 3/27/16
Company's Online Profile
BUSINESS: LinnCo is a limited liability company (LLC) created to enhance LINN Energy’s ability to raise additional equity capital to execute on their acquisition and growth strategy. LinnCo’s sole purpose is to own LINN units and has no assets or operations other than those related to LNCO’s interest in LINN. As a result, LNCO’s financial condition and results of operations depend entirely upon the performance of LINN.
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Notes: January 27, 2017, the United States Bankruptcy Court for the Southern District of Texas entered the order confirming the Plan of Reorganization of Linn Energy, LLC and Its Debtor Affiliates. The Plan became effective on February 28, 2017. Pursuant to the Plan, on the effective date all previously issued securities in LINEQ and LNCOQ that were listed and outstanding immediately prior to the Effective Date were cancelled and extinguished. Holders of interests in LNCOQ may receive a nontransferable escrow position to the extent necessary to facilitate any distributions that may become available in the future on account of such interests in LNCOQ. On October 11, 2012, LinnCo, LLC (LNCO), priced its initial public offering of 34,787,500 common shares, including the over-allotment, at $36.50 per share. LinnCo used the net proceeds of approximately $1.2 billion from the offering, which closed on October 17, 2012, to purchase as equivalent number of LINN units. LINN used those net proceeds to repay indebtedness outstanding under its revolving credit facility. LinnCo is a limited liability company, the sole voting share of which is owned by LINN, created to enhance LINN's ability to raise additional equity capital to execute on its acquisition and growth strategy. LinnCo's sole purpose is to own LINN units. LinnCo has elected to be treated as a corporation for federal income tax purposes; accordingly investors in LinnCo will receive a quarterly cash dividend and a Form 1099 instead of a Schedule K-1.
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IPO - 10/11/2012 - 34.79 Million Shares @ $36.50/share.
Link to IPO Prospectus
Previous Ticker Symbol: LNCO Changed: 5/24/16
Micro Cap Stock -
Market Value $ 28 Million
Yahoo News Summary for LNCOQ*.PK
YAHOO! Profile for LNCOQ*
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for LNCOQ*
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 600 Travis, Suite 5100, Houston, TX 77002 |
| Main Phone Number |
281-840-4000 |
| Fax Number |
Not Available |
| Investor Relations
Clay Jeansonne
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281-840-4110
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| CEO - Mark E. Ellis |
CFO - Kolja Rockov |
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