Icahn Enterprises said on Thursday it was planning to distribute $2 per depository unit for the quarter ended March 31, days after the short seller HindenburgThe report sent the investment firm’s shares plummeting in less than a decade.
Its shares rose 6% after the bell as the company said the depository unit announcement was premature due to inquiries following reports.
Hindenburg on Tuesday accused the investment firm of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends, wiping out a fifth of Icahn’s empire.
“We would like to assure our long-term unitholders that there has been market disruption due to the self-service Hindenburg Report does not affect the liquidity of the IEP,” said Carl IcahnBillionaire activist investor and chairman of Icahn Enterprises.
ikan He said he disagrees with the “inflammatory claims” in the Hindenburg Report and intends to respond “at length – and vigorously – to defend IEP and its unitholders”.
Hindenburg did not immediately respond to a Reuters request for comment.
Its shares rose 6% after the bell as the company said the depository unit announcement was premature due to inquiries following reports.
Hindenburg on Tuesday accused the investment firm of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends, wiping out a fifth of Icahn’s empire.
“We would like to assure our long-term unitholders that there has been market disruption due to the self-service Hindenburg Report does not affect the liquidity of the IEP,” said Carl IcahnBillionaire activist investor and chairman of Icahn Enterprises.
ikan He said he disagrees with the “inflammatory claims” in the Hindenburg Report and intends to respond “at length – and vigorously – to defend IEP and its unitholders”.
Hindenburg did not immediately respond to a Reuters request for comment.