Icahn Enterprises L.P. Announces Quarterly Distribution and Q1 2013 Earnings
NEW YORK, April 30, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P.
(Nasdaq:IEP) today announced that the Board of Directors of its general
partner has declared a quarterly distribution for the second quarter of 2013
in the amount of $1.00, which will be paid on or about July 5, 2013 to
depositary unit holders of record at the close of business on May 13, 2013.
Depositary unit holders will have until June 3, 2013 to make an election to
receive either cash or additional depositary units; if a holder does not make
an election, it will automatically be deemed to have elected to receive the
distribution in cash. Depositary unit holders who elect to receive additional
depositary units will receive units valued at the volume weighted average
trading price of the units on NASDAQ during the 20 consecutive trading days
ending July 1, 2013. No fractional depositary units will be issued pursuant to
the dividend payment. Icahn Enterprises will make a cash payment in lieu of
issuing fractional depositary units to any holders electing to receive
depositary units. Any holders that would only be eligible to receive a
fraction of a depositary unit based on the above calculation will receive a
Icahn Enterprises L.P. also announced today that it will discuss its first
quarter 2013 results on a conference call and Webcast on Friday, May 3, 2013
at 10:00 EDT. The Webcast can be viewed live on Icahn Enterprises L.P.'s
website at www.icahnenterprises.com. It will be archived and made available at
www.icahnenterprises.com under the Investor Relations section. The toll-free
dial-in number for the conference call in the United States is (866) 393-0676.
The international number is (253) 237-1149.
Icahn Enterprises L.P. (Nasdaq:IEP), a master limited partnership, is a
diversified holding company engaged in nine primary business segments:
Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real
Estate and Home Fashion.
Caution Concerning Forward-Looking Statements
Results for any interim period are not necessarily indicative of results for
any full fiscal period. This release contains certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, many of which are beyond our ability to control or predict.
Forward-looking statements may be identified by words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or
words of similar meaning and include, but are not limited to, statements about
the expected future business and financial performance of Icahn Enterprises
L.P. and its subsidiaries. Among these risks and uncertainties are risks
related to economic downturns, substantial competition and rising operating
costs; risks related to our investment activities, including the nature of the
investments made by the private funds in which we invest, losses in the
private funds and loss of key employees; risks related to our automotive
activities, including exposure to adverse conditions in the automotive
industry, and risks related to operations in foreign countries; risks related
to our energy business, including the volatility and availability of crude
oil, other feed stocks and refined products, unfavorable refining margin
(crack spread), interrupted access to pipelines, significant fluctuations in
nitrogen fertilizer demand in the agricultural industry and seasonality of
results; risk related to our gaming operations, including reductions in
discretionary spending due to a downturn in the local, regional or national
economy, intense competition in the gaming industry from present and emerging
internet online markets and extensive regulation; risks related to our railcar
activities, including reliance upon a small number of customers that represent
a large percentage of revenues and backlog, the health of and prospects for
the overall railcar industry and the cyclical nature of the railcar
manufacturing business; risks related to our food packaging activities,
including competition from better capitalized competitors, inability of its
suppliers to timely deliver raw materials, and the failure to effectively
respond to industry changes in casings technology; risks related to our scrap
metals activities, including potential environmental exposure; risks related
to our real estate activities, including the extent of any tenant bankruptcies
and insolvencies; risks related to our home fashion operations, including
changes in the availability and price of raw materials, and changes in
transportation costs and delivery times; and other risks and uncertainties
detailed from time to time in our filings with the Securities and Exchange
Commission. Past performance in our Investment segment is not necessarily
indicative of future performance. We undertake no obligation to publicly
update or review any forward-looking information, whether as a result of new
information, future developments or otherwise.
CONTACT: Investor Contacts:
SungHwan Cho, Chief Financial Officer
Peter Reck, Chief Accounting Officer
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