Exchange Offer for LINE Units Updated as of April 18, 2016
Summary(1) Offer to exchange each outstanding LINE unit for one LNCO share Purpose of the Offer To permit holders of LINE units to maintain their economic interest in LINE through LNCO Exchange may allow LINE unitholders to avoid…
Evaluating the Options(1) Continue to Hold Participate in Sell LINE Units for LINE Units Exchange Cash Individual LINE unitholder YES(2) NO NO(3) exposure to CODI Up-front taxable event from sale NO YES(2)(4)(5) YES(2)(5) or…
Selected Q&A About the Offer What is CODI Cancellation of debt income An amount that must be reported as ordinary income by the unitholder, potentially increasing the unitholders tax liabilities The tax liability resulting from…
Selected Q&A About the Offer (Continued) What is UBTI Unrelated business taxable income Income generated by a tax-exempt entity by means of taxable activities where the income is not related to the main function of the entity…
Selected Q&A About the Offer (Continued) Will I have to pay any fee or commission to exchange my LINE units If you are a record owner of your LINE units and you tender these units in the offer, you will not have to pay brokerage…
Selected Q&A About the Offer (Continued) How do I tender (exchange) my LINE units Beginning around March 31, you should receive by mail or electronically (if you elected e-delivery through a broker) a package containing the…
Selected Q&A About the Offer (Continued) What if I am a LINN employee Employees who hold vested LINN Energy units can exchange those units through his or her broker, or if held in managed shares at AST/EPS, by executing the Letter of…
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