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Icahn Enterprises, L.P., 5% Pay-In-Kind Redeemable Preferred Units
Ticker Symbol: IEP-* CUSIP: 451100200 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/31/2010
Security has been Called for: Wednesday, March 31, 2010
Feb. 25, 2009 -- Icahn Enterprises L.P. announced today that on Friday, February 26, 2010, it will issue a notice of redemption of its outstanding 5% cumulative pay-in-kind redeemable preferred units representing limited partnership interests in Icahn Enterprises (NYSE:IEP-P). The redemption date of the Preferred Units is March 31, 2010. The redemption price is $10.50 per Preferred Unit. The redemption price will be paid solely in depositary units representing limited partnership interests in Icahn Enterprises, except that cash will be paid in lieu of fractional depositary units. Depositary units will be valued at the average price at which the depositary units had been trading on the New York Stock Exchange over the 20-day period immediately preceding the redemption date.
Unless Icahn Enterprises defaults in the payment of the redemption price, distributions on the Preferred Units will cease to accrue on and after the redemption date and the only remaining right of the holders of the Preferred Units after such date will be to receive payment of the redemption price (without interest) upon presentation and surrender of the Preferred Units to Icahn Enterprises. After the redemption date, all Preferred Units shall be deemed no longer outstanding. Accordingly there will be no record date for distribution payments for these issues. Any and all accrued distributions will be payable upon surrender.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Icahn Enterprises L.P., formerly American Real Estate Partners L.P., 5% Cumulative Pay-In-Kind Redeemable Preferred Units, liquidation preference $10 per share, redeemable at the issuer's option on or after 3/31/2000 at $10 per share in cash or depositary units, maturing 3/31/2010, distributions of 5% ($0.50) per annum are paid annually (solely in additional preferred units) on 3/31 of each year. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (IEP)
IPO - 2/24/1995 - 2.00 Million Shares @ $10.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: ACP- Changed: 9/17/2007
Previous Name: American Real Estate Partners L.P., 5% Pay-In-Kind Redeemable Preferred Units Changed: 9/17/2007
Market Value $110.0 Million
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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: 767 Fifth Avenue, 47th Floor, New York, NY 10153 |
| Main Phone Number |
212-702-4300 |
| Fax Number |
212-750-5841 |
| Investor Contact (CFO)
Andrew Skobe
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800-255-2737
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| Toll Free Phone Number |
800-255-2737 |
| CHR - Carl Icahn |
PEO - Keith Meister |
CFO - Andrew Skobe |
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