NEW YORK, May 02, 2016 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ:IEP) today announced that the Board of Directors of its general partner has declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about June 16, 2016 to depositary unit holders of record at the close of business on May 12, 2016.
Depositary unit holders will have until the close of business on June 6, 2016 to make an election to receive either cash or additional depositary units; and, if a holder does not make an election, it will automatically be deemed to have elected to receive the distribution in cash.1
Icahn Enterprises L.P. (NASDAQ:IEP), a master limited partnership, is a diversified holding company engaged in ten primary business segments: Investment, Automotive, Energy, Metals, Railcar, Gaming, Mining, Food Packaging, Real Estate and Home Fashion.
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1 Icahn Enterprises will calculate the depositary units to be distributed based on the 5 trading day volume weighted average price of Icahn Enterprises' depositary units ending on June 13, 2016. To the extent that the aggregate units to be distributed to any holder would include a fraction of a unit, that fractional unit will be settled in cash.