On February 20, 2015, the board of directors of the general partner of Icahn Enterprises 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 April 22, 2015 to depositary unit holders of record at the close of business on March 9, 2015.
"NLY Returning over 11% year, this is great compared to bank interest at 1%"
You forgot to figure in how much the stock price dropped. Total returns have been terrible.
The Non-Binding shareholder proposal is to request the BOD to authorize the Fund to conduct a self-tender at, or close to NAV. The board opposes this proposal, but it seems like a reasonable request to me. What do you think?
"Quoted me 10 cents per KWH. Is that typical nationally?"
They quoted me 15 cents per kwh. The salesman was too aggressive. Did an Internet search and found out the company has been prosecuted in at least 11 states for improper sales practices. So over aggressive sales tactics seem to be the standard procedure with this company.
EPR announced today that David M. Brain is retiring from the company on March 31, 2015 and Gregory K. Silvers, currently the Chief Operating Officer and Executive Vice President of the company, has been appointed by the Board of Trustees to succeed Brain as Chief Executive Officer and President, effective immediately.
I wonder what the story is behind this retirement? He is only 59 years old, so I assume there is something else going on here.