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EXHIBIT 99.6
TEJON RANCH CO.
_____________ Common Shares
Initially Offered Pursuant to Rights
Distributed to Stockholders of
Tejon Ranch Co.
To Securities Dealers, Commercial Banks,
Trust Companies and Other Nominees:
This letter is being distributed to securities dealers, commercial banks,
trust companies and other nominees in connection with the offering by Tejon
Ranch Co. (the "Company") of _____ shares of Common Stock, par value $.01 per
share (the "Common Stock"), of the Company, at a subscription price of $_____
per share for each share of the Common Stock, pursuant to transferable
subscription rights (the "Rights") initially distributed to holders of record of
the Common Stock as of the close of business on __________, 2000 (the "Record
Date"). The Rights are described in the Prospectus and evidenced by a
Subscription Warrant registered in your name or the name of your nominee.
Each beneficial owner of shares of the Common Stock registered in your name
or the name of your nominee is entitled to one Right for each _____ share of the
Common Stock owned by such beneficial owner. All fractional Rights will be
rounded up to the nearest whole number. No fractional Rights or cash in lieu
thereof will be issued or paid.
We are asking you to contact your clients for whom you hold the Common
Stock registered in your name or in the name of your nominee to obtain
instructions with respect to the Rights.
Enclosed are copies of the following documents:
1. The Prospectus;
2. The "Instructions as to Use of Tejon Ranch Co. Subscription Warrant"
(including Guidelines For Certification of Taxpayer Identification
Number on Substitute Form W-9);
3. A form of letter which may be sent to your clients for whose accounts
you hold Common Stock registered in your name or the name of your
nominee, with space provided for obtaining such clients' instructions
with regard to the Rights;
4. A Notice of Guaranteed Delivery for Subscription Warrants issued by
Tejon Ranch Co.; and
5. A return envelope addressed to ChaseMellon Shareholder Services,
L.L.C., the Subscription Agent.
Your prompt action is requested. The Rights will expire at 5:00 P.M., New
York City time, on __________, 2000, unless extended by the Company (the
"Expiration Date").
To exercise the Rights, a properly completed and executed Subscription
Warrants (unless the guaranteed delivery procedures are complied with) and
payment in full for all Rights exercised must be delivered to the Subscription
Agent as indicated in the Prospectus prior to 5:00 P.M., New York City time, on
the Expiration Date.
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Additional copies of the enclosed materials may be obtained from
ChaseMellon Shareholder Services, L.L.C. Their toll-free telephone number is
(800) 414-2879 or they may be called collect at (212) 273-8080.
Very truly yours,
TEJON RANCH CO.
NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
PERSON AS AN AGENT OF TEJON RANCH CO., THE SUBSCRIPTION AGENT OR ANY OTHER
PERSON MAKING OR DEEMED TO BE MAKING OFFERS OF THE COMMON STOCK ISSUABLE UPON
VALID EXERCISE OF THE RIGHTS, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE ANY
STATEMENTS ON BEHALF OF ANY OF THEM WITH RESPECT TO THE OFFERING EXCEPT FOR
STATEMENTS MADE IN THE PROSPECTUS.
