posted March 2, 2009): Will SEBC Holdings, LP pay dividends on its Common Units?
As reflected in the Amended Disclosure Statement for the Plan, the business plan and legal structure of SEBC Holdings, LP do not permit payment of dividends on Common Units until after the retirement in full, by redemption or otherwise, of the SEBC Holdings Senior Preferred Units and Junior Preferred Units. Following such retirement, dividends may be paid on the Common Units to the extent that cash is available as determined by the general partner. Based upon the business plan as described in the Amended Disclosure Statement, it is uncertain when that retirement of the Preferred Units will occur, as the timing remains dependent upon cash flows of SEBC Holdings.
