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LINN Energy (LINE) Announces $500M Continuous Equity Offering

July 28, 2011 6:50 AM EDT
LINE Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Dividend Yield: 7.4%
LINN Energy, LLC (Nasdaq: LINE) announced it plans to commence a continuous equity offering, beginning in the third quarter, pursuant to which it will sell from time to time units representing its limited liability company interests up to an aggregate gross sales amount of $500 million.

Sales of units, if any, will be made through a sales agent at market prices.


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