Kinder Morgan

[Be Here Now]

KMI, KMP, KMR, and EPB are to be merged into KMI. No more MLP, will be entirely a C corporation paying qualified dividends.

Press release: http://phx.corporate-ir.net/phoenix.zhtm...&highlight=

Presentation: http://www.kindermorgan.com/investor/pre...tation.pdf

Looks like KMI will become a dividend growth machine.

If you have questions about the tax consequences of the exchanges, look at slides 11, 12, and 13 of the presentation. The KMR exchange is non-taxable, the KMP and EPB exchanges are taxable.

[Roadmap2Retire]

Ive owned KMI for a year and wish I had more share than I currently own. I had a look at it last week and was tempted to buy some but passed on it. Now the stock is up 20% pre-market. Oh well...I will wait for the initial excitement to die before I add more.

I love the fact that the company makes it so clear on what the dividend increases will look like. 16% up in 2015 and target of increasing by 10% each year from 2016 to 2020. Go Kinder!

[EricL]

Sold out of my Lorillard this morning and picked up some KMI with the proceeds at $37.75.

I'll take a projected 5.3% yield with an expected 10% growth rate on the dividend over the next 6 years.

[DRILLINDK]

Congrats to longs. I don't own any KMI, but I hope to someday soon. It appears management et al, are committed to building shareholder value for decades to come!

[Turvok]

Wow! Might be worth taking a look into with that projected DGR

[CritMass]

Have held KMP about a year and couldn't believe the news I read at 5:30 a.m. CST. Kicking myself for not buying more pre-opening today. Oh well, and so it goes.

[ronn38]

Have 49.5 shares of KMP and 108 of KMI.
Good day to be a buy and hold investor :-)

[Be Here Now]

I was expecting to hold KMR 'forever', not paying any taxes unless I decide to sell some shares, and maybe pass it on to my heirs with a very healthy step up. So much for well made plans.

However, I think this change will make KMI a much stronger company, and in the long run the benefit will flow to me in the form of growing qualified dividends. Just not entirely in the form that I was expecting.

This is a good illustration of the fact that you cannot set your portfolio on autopilot and expect it to perform flawlessly, no matter your age or the stage of your life.

[rapidacid]

When do KMP shares get rolled into KMI? KMP hasn't traded in a couple days.

[Robandcindy2]

(12-01-2014, 10:43 AM)rapidacid Wrote: When do KMP shares get rolled into KMI? KMP hasn't traded in a couple days.

Kinder Morgan Announces Closing of the Merger Transactions
Second Largest Energy Transaction in History Creates Largest Midstream and Third Largest Energy Company in North America

HOUSTON--(BUSINESS WIRE)--Nov. 26, 2014-- Kinder Morgan, Inc. (NYSE: KMI) today announced it has completed its acquisition of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB). The approximately $76 billion transaction was initially announced Aug. 10, 2014.

Chairman and CEO Richard D. Kinder stated, “We are delighted to close the KMP, KMR and EPB transactions. We believe merging the companies benefits our shareholders and unitholders, simplifies the Kinder Morgan story by transitioning to one security and paves the way for superior growth at KMI for years to come. KMI projects a dividend of $2.00 per share for 2015, a 16 percent increase over the 2014 KMI dividend budget of $1.72 per share. The company expects to grow the dividend by approximately 10 percent each year from 2015 through 2020, while producing excess coverage of over $2 billion.”

Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company’s pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals, and handle bulk materials like coal and petroleum coke. Kinder Morgan is the largest midstream and third largest energy company in North America with an enterprise value of more than $125 billion. For more information please visit http://www.kindermorgan.com.

This news release includes forward-looking statements. These forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although Kinder Morgan believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include those enumerated in Kinder Morgan’s reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, Kinder Morgan undertakes no obligation to update or review any forward-looking statement because of new information, future events or other factors. Because of these uncertainties, readers should not place undue reliance on these forward-looking statements.



Source: Kinder Morgan, Inc.

http://phx.corporate-ir.net/phoenix.zhtm...ID=1993289

[rapidacid]

Did I miss the part where it says when shares get converted?