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ENRON AFFILIATES ANNOUNCE DIVIDENDS
FOR IMMEDIATE RELEASE: Thursday, September 16, 1999
HOUSTON -- Enron Capital LLC, a wholly owned subsidiary of Enron Corp., announced today the declaration of its monthly dividend of $0.166667 on the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares for the month of September, payable September 30, 1999 to stockholders of record as of September 29, 1999. The annual dividend rate is $2.00.
Enron Capital Resources, L.P., a Delaware limited partnership in which Enron Corp. is the sole general partner, announced today the declaration of its monthly dividend of $0.1875 on the Enron Capital Resources, L.P. 9% Cumulative Preferred Securities, Series A, for the month of September, payable September 30, 1999 to holders of record as of September 29, 1999. The annual dividend rate is $2.25.
Enron Capital Trust I, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $.51875 on the Enron Capital Trust I 8.30% Trust Originated Preferred Securities, payable September 30, 1999 to holders of record as of September 29, 1999. The annual dividend is equivalent to $2.075 per preferred security.
Enron Capital Trust II, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $.5078 on the Enron Capital Trust II 8.125% Trust Originated Preferred Securities, payable September 30, 1998 to holders of record as of September 29, 1999. The annual dividend is equivalent to $2.03125 per preferred security.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, which owns approximately $34 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Enron’s Internet address is /corp, and the stock is traded under the ticker symbol, "ENE."
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For additional information please contact:
Karen Denne
(713) 853-9757
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