SUNNY
ISLES BEACH, Fla., May 4, 2023
/PRNewswire/ -- Icahn Enterprises L.P. (Nasdaq: IEP) ("IEP" or the
"Company") today issued the following statement:
"We would like to reassure our long-term unitholders that the
market disruption caused by the self-serving Hindenburg report does
not affect IEP's liquidity. We would normally wait for the earnings
call but, due to the many inquiries we have received, we are
announcing now our intention to declare a distribution in the
amount of $2.00 per depositary unit
for the quarter ended March 31, 2023,
with the election to receive either cash or additional depositary
units. I as usual will elect to take the distribution in units. The
fundamentals of our business, and our belief in the activist
paradigm that has served us well for decades, remain unchanged. We
obviously disagree with the inflammatory assertions in the
Hindenburg report and intend to respond at length – and to
vigorously defend IEP and its unitholders. As we stated previously,
we believe that IEP's performance will speak for itself over the
long term as it always has," stated Carl
Icahn, Chairman of the Board of Icahn Enterprises.
To receive accurate information about the Company, all investors
are encouraged to review materials filed by IEP with the Securities
and Exchange Commission and available on its investor relations
website.
Icahn Enterprises L.P., a master limited partnership, is a
diversified holding company engaged in seven primary business
segments: Investment, Energy, Automotive, Food Packaging, Real
Estate, Home Fashion and Pharma.
Caution Concerning Forward-Looking Statements
This release may contain 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 and
its subsidiaries. Actual events, results and outcomes may differ
materially from our expectations due to a variety of known and
unknown risks, uncertainties and other factors, including risks
related to economic downturns, substantial competition and rising
operating costs; risks related to the severity, magnitude and
duration of the COVID-19 pandemic and its impact on the global
economy, financial markets and industries in which our subsidiaries
operate; the impacts from the Russia/Ukraine conflict, including economic
volatility and the impacts of export controls and other economic
sanctions,; risks related to our investment activities, including
the nature of the investments made by the private funds in which we
invest, declines in the fair value of our investments as a result
of the COVID-19 pandemic, losses in the private funds and loss of
key employees; risks related to our ability to continue to conduct
our activities in a manner so as to not be deemed an investment
company under the Investment Company Act of 1940, as amended; risks
related to our energy business, including the volatility and
availability of crude oil, other feed stocks and refined products,
declines in global demand for crude oil, refined products and
liquid transportation fuels as a result of the COVID-19 pandemic,
unfavorable refining margin (crack spread), interrupted access to
pipelines, significant fluctuations in nitrogen fertilizer demand
in the agricultural industry and seasonality of results; risks
related to our automotive activities and exposure to adverse
conditions in the automotive industry, including as a result of the
COVID-19 pandemic; risks related to our food packaging activities,
including competition from better capitalized competitors,
inability of our suppliers to timely deliver raw materials, and the
failure to effectively respond to industry changes in casings
technology; supply chain issues; inflation, including increased
costs of raw materials and shipping, including as a result of the
Russia/Ukraine conflict; interest rate increases;
labor shortages and workforce availability; 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. Additionally,
there may be other factors not presently known to us or which we
currently consider to be immaterial that may cause our actual
results to differ materially from the forward-looking statements.
Past performance in our Investment segment is not 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.
Investor Contact:
Ted
Papapostolou, Chief Financial Officer
(305) 422-4100
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SOURCE Icahn Enterprises L.P.