Icahn Enterprises LP (IEP)

[ItsMyOption]

that Nov 17th date has nothing to do with how IEP calculates the VWAP go read the 10-Q or 10-K
This Nov 17th is only record date so if you buy shares after that record date they are not included in any dividend payout cash or share units

IEP’s Actual Formula (from their 10-Q/10-K filings)
IEP uses:
Number of Shares = Cash Dividend Amount ÷ “Market Price”
Where Market Price is defined as:
The volume-weighted average price (VWAP) of IEP units over the 5 trading days ending on the payment date.
This is the method IEP has used for years in their dividend alternative program.
So for the Dec. 26 payment:
• They take the 5 trading days ending Dec. 26
• Compute the VWAP
• Divide your cash dividend amount by that VWAP
• You receive that number of IEP units, including fractional units