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LinnCo Issues Reminder Regarding Exchange Offer for LINN Energy Units

HOUSTON, Apr 22, 2016 (GLOBE NEWSWIRE via COMTEX) --

LinnCo, LLC LNCO, +0.53% ("LinnCo") today issued a reminder to unitholders of LINN Energy, LLC LINE, -6.89% ("LINN") about the previously announced offer to exchange each outstanding unit of LINN for one LinnCo share (the "Exchange Offer"). The Exchange Offer will expire at 12:00 midnight, New York City time, on April 25, 2016. All of the previously disclosed terms and conditions of the Exchange Offer remain unchanged.

The purpose of the Exchange Offer is to permit holders of LINN units to maintain their economic interest in LINN through LinnCo, an entity that is taxed as a corporation rather than a partnership, which may allow LINN unitholders to avoid future allocations of taxable income and loss, including cancellation of debt income, that could result from future debt restructurings or other strategic transactions by LINN. LinnCo believes that many LINN unitholders may benefit by participating in the Exchange Offer. However, because the tax situation of each LINN unitholder is unique, LinnCo recommends that each LINN unitholder consult with such unitholder's own individual tax advisor to determine whether it is in such unitholder's best interest to participate in the Exchange Offer.

The Exchange Offer is being made upon and is subject to the terms and conditions set forth in the Prospectus/Offer to Exchange dated April 18, 2016 (the "Prospectus") and the accompanying Amended and Restated Letter of Transmittal (the "Letter of Transmittal"). LinnCo's obligation to accept for exchange the LINN units validly tendered in the Exchange Offer is subject to the effectiveness of the Registration Statement on Form S-4 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 22, 2016, as amended by Amendment No. 1 to Registration Statement on Form S-4, filed with the SEC on April 6, 2016, and Amendment No. 2 to Registration Statement on...


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