Key Developments: Chesapeake Granite Wash Trust (CHKR.N)
14.32USD
24 May 2013
$-0.06 (-0.42%)
$14.38
$14.22
$14.32
$14.11
29,713
41,028
$23.47
$13.08
Latest Key Developments (Source: Significant Developments)
Chesapeake Granite Wash Trust Announces Distribution of $0.6900 Per Common Unit
Chesapeake Granite Wash Trust announced its common unit distribution for the quarter ended March 31, 2013 (which primarily relates to production attributable to the Trust`s royalty interests from December 1, 2012 through February 28, 2013) will be $0.6900 per common unit. The Trust will also pay a distribution of $0.3010 per subordinated unit for the quarter. The distributions will be paid on May 31, 2013 to all common and subordinated unitholders of record at the close of business on May 21, 2013. Full Article
Chesapeake Granite Wash Trust Announces Distribution Of $0.6700 Per Common Unit
Chesapeake Granite Wash Trust announced that common unit distribution for the quarter ended December 31, 2012 (which primarily relates to production attributable to the Trust's royalty interests from September 1, 2012 through November 30, 2012) will be $0.6700 per common unit. The Trust will also pay a distribution of $0.3772 per subordinated unit for the quarter. The distributions will be paid on March 1, 2013 to all common and subordinated unitholders of record at the close of business on February 19, 2013. Full Article
Chesapeake Granite Wash Trust Announces Distribution of $0.6300 Per Common Unit
Chesapeake Granite Wash Trust announced that its common unit distribution for the quarter ended September 30, 2012 will be $0.6300 per common unit. The Trust will also pay a distribution of $0.2208 per subordinated unit for the quarter. The distributions will be paid on November 29, 2012 to all common and subordinated unitholders of record at the close of business on November 19, 2012. Full Article
Chesapeake Granite Wash Trust Announces Distribution Of $0.6100 Per Common Unit
Chesapeake Granite Wash Trust announced that its common unit distribution for the quarter ended June 30, 2012 (which primarily relates to production attributable to the Trust’s royalty interests from March 1, 2012 through May 31, 2012) will be $0.6100 per common unit. The Trust will also pay a distribution of $0.4819 per subordinated unit for the quarter. The distributions will be paid on August 30, 2012 to all common and subordinated unitholders of record at the close of business on August 20, 2012. Full Article
Chesapeake Granite Wash Trust Announces Initial Two Month Distribution Of $0.58 Per Unit
Chesapeake Granite Wash Trust announced that its distribution for the period from July 1, 2011 through August 31, 2011 will be $0.58 per unit, which will be paid on December 28, 2011 to unitholders of record at the close of business on December 15, 2011. Full Article
Chesapeake Energy Corporation Announces Pricing Of Initial Public Offering By Chesapeake Granite Wash Trust
Chesapeake Energy Corporation announced that Chesapeake Granite Wash Trust (the Trust) has priced an Initial Public Offering of 20,000,000 common units at a price of $19.00 per common unit. The units sold represent an approximate 43% beneficial interest in the Trust. The Trust has also granted the underwriters the option to purchase up to an additional 3,000,000 common units. The common units being offered to the public have been approved for listing on the New York Stock Exchange and will trade under the symbol "CHKR." Following completion of the offering, which is anticipated to close on November 16, 2011, Chesapeake will own an approximate 57% beneficial interest in the Trust including 15,062,500 common units and 11,687,500 subordinated units, assuming no exercise of the underwriters' option to purchase additional units. The Trust will have a total of 46,750,000 units outstanding. Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. served as joint book-running managers and joint structuring advisors for the offering. Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Wells Fargo Securities, LLC also served as joint book-running managers. This offering of common units is being made only by means of a prospectus. Full Article
Chesapeake Energy Corporation Announces Launch Of Initial Public Offering By Chesapeake Granite Wash Trust
Chesapeake Energy Corporation announced that Chesapeake Granite Wash Trust (Trust) has commenced an Initial Public Offering (IPO) of 23,375,000 common units representing an approximate 50% beneficial interest in the Trust. The Trust has also granted the underwriters the option to purchase up to an additional 3,506,250 common units. The common units being offered to the public have been approved for listing on the New York Stock Exchange under the symbol CHKR, subject to official notice of issuance. Following completion of the offering, Chesapeake will own 11,687,500 common units and 11,687,500 subordinated units in the Trust, assuming no exercise of the underwriters’ option to purchase additional units, and the Trust will have a total of 46,750,000 units outstanding. Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. are serving as joint book-running managers and joint structuring advisors for this offering. Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Wells Fargo Securities, LLC will also serve as joint book-running managers. Full Article
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