fountain, you've been around for years like me. I said the very same thing below but was assailed (by #$%$). That was the mechanism with KMR because they paid in-kind shares instead of cash. You could sell the equivalent shares and get LTCG treatment for your div's. These not-so-slick traders have sterotyped dividend investors as old farts in 'member's only' jackets driving a crown victoria. First stock I bought in March 09 was KMR.
There won't be any funeral here.
Enron sold off their hard assets, it became a 'house of cards'.
Kinder Morgan is rich with hard assets and huge revenues/ cash flow from them.
No logic at all to this, it's like watching a house burn down.