The post below will be found in duplicate at the ALDW and DKL boards. My plan is to make all former unitholders of ALDW fully aware of where we stand in relation to holding rights to the final two quarters of ALDW distributions. Please read the excerpt I've drawn from the closing paperwork as printed in the appropriate SEC filing describing terms and conditions and rights of former ALDW holders. All highlighting is of my own creation.
I'll be reprinting this at the NGL board so as to be certain I've maintained this very vital connection with my followers who are entitled to these distributions.
Busy going through SEC filings affecting us as owners of (the formerly recognized) ALDW and now officially Delek (DK).
This will be found in the final explanation of terms and conditions surrounding the merger:
Rights of Holders of MLP Public Units. Each MLP Public Unit, upon being converted into the right to receive the Merger Consideration pursuant to this Section 2.1(c), shall cease to be outstanding and shall be canceled and retired and shall cease to exist, and each Holder of such MLP Public Units immediately prior to the Effective Time shall thereafter cease to be a limited partner of MLP or have any rights with respect to such MLP Public Units, except the right to receive the Merger Consideration and any distributions to which former Holders of MLP Public Units become entitled all in accordance with this Article II upon the Surrender of (A) a certificate that immediately prior to the Effective Time represented MLP Public Units (an “MLP Certificate”) or (B) uncertificated MLP Public Units represented by book-entry (“Book-Entry MLP Common Units”), together with such properly completed and duly executed Letter of Transmittal and such other documents in accordance with Section 2.2.
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