SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
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STAR GAS PARTNERS, L.P.
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STAR GAS PARTNERS, L.P. CLEARWATER HOUSE 2187 ATLANTIC STREET STAMFORD, CONNECTICUT 06902 |
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AMI TRAUBER | 203-325-5404 | |||
CHIEF FINANCIAL OFFICER | (FAX) 203-328-7470 |
July 16, 2003
STAR GAS PARTNERS REQUESTS YOUR VOTE
You have previously received proxy material in connection with the Special Meeting of Unitholders of Star Gas Partners, L.P. to be held on Friday, July 25, 2003.
At this meeting, Star Gas Partners, L.P. is seeking unitholder approval to amend its partnership agreement to permit Star to allow for the future issuance of additional common units, if deemed appropriate, the proceeds of which will be used to repay long-term debt, to invest in productivity enhancing technology such as computer and communication and other capital assets, and to replenish a 3,000,000 basket of common units previously approved for general partnership purposes and subsequently used primarily to repay long term indebtedness resulting in enhanced capital structure and financial strength of the Partnership.
Since March 1999, our Common Unit (SGU) holders have enjoyed a total return of 168% and our Senior Subordinated Unit (SGH) holders have been rewarded with a total return of 287%. This outstanding performance was in large measure due to Stars on going acquisition program as well as the significant progress in realizing base business operating excellence and improved financial strength.
In order to realize Stars potential growth and continued improvement in our capital structure and financial strength, we are seeking unitholder votes and or votes of units under your administrative control. Each vote is important to us.
Your votes are important and can facilitate our continued successful growth.
Any questions about the proposals, how to vote or requests for additional copies of the proxy material, should be directed to Georgeson Shareholder Communications Inc. at 800-960-7546.
Sincerely, |
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Ami Trauber |
Chief Financial Officer |