EXHIBIT 99.4
INTERNATIONAL SPEEDWAY CORPORATION
LETTER TO CLIENTS
FOR
TENDER OF ALL
OUTSTANDING 4.20% SENIOR NOTES DUE 2009
IN EXCHANGE FOR
REGISTERED 4.20% SENIOR NOTES DUE 2009
AND FOR
TENDER OF ALL
OUTSTANDING 5.40% SENIOR NOTES DUE 2014
IN EXCHANGE FOR
REGISTERED 5.40% SENIOR NOTES DUE 2014
THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
SEPTEMBER 27, 2004, UNLESS EXTENDED (THE "EXPIRATION DATE"). OUTSTANDING NOTES
TENDERED IN THE EXCHANGE OFFER MAY BE WITHDRAWN AT ANY TIME PRIOR TO 5:00 P.M.,
NEW YORK CITY TIME, ON THE EXPIRATION DATE.
To Our Clients:
We are enclosing herewith a Prospectus, dated August 24, 2004, of
International Speedway Corporation, a Florida corporation (the "Company"), and a
related Letter of Transmittal, which together constitute (the "Exchange Offer")
relating to the offer by the Company, to exchange its 4.20% Senior Notes due
2009 and its 5.40% Senior Notes due 2014 (the "Registered Notes"), which have
been registered under the Securities Act of 1933, as amended (the "Securities
Act"), for a like principal amount of its issued and outstanding 4.20% Senior
Notes due 2009 and 5.40% Senior Notes due 2014, respectively (the "Outstanding
Notes"), upon the terms and subject to the conditions set forth in the Exchange
Offer.
The Exchange Offer is not conditioned upon any minimum number of
Outstanding Notes being tendered.
We are the holder of record of Outstanding Notes held by us for your own
account. A tender of such Outstanding Notes can be made only by us as the record
holder and pursuant to your instructions. The Letter of Transmittal is furnished
to you for your information only and cannot be used by you to tender Outstanding
Notes held by us for your account.
We request instructions as to whether you wish to tender any or all of the
Outstanding Notes held by us for your account pursuant to the terms and
conditions of the Exchange Offer. We urge you to read carefully the prospectus
and the Letter of Transmittal and other material provided herewith before
instructing us to tender your outstanding notes. We also request that you
confirm that we may on your behalf make the representations contained in the
Letter of Transmittal.
Pursuant to the Letter of Transmittal, each holder of Outstanding Notes
will represent to the Company that (i) the Registered Notes acquired pursuant to
the Exchange Offer are being acquired in the ordinary course of business of the
undersigned, (ii) neither the undersigned nor
any such other person has an arrangement or understanding with any person to
participate in the distribution within the meaning of the Securities Act of such
Registered Notes, (iii) if the undersigned is not a broker-dealer, or is a
broker-dealer but will not receive Registered Notes for its own account in
exchange for Outstanding Notes, neither the undersigned nor any such other
person is engaged in or intends to participate in the distribution of such
Registered Notes and (iv) neither the undersigned nor any such other person is
an "affiliate" of the Company within the meaning of Rule 405 under the
Securities Act or, if the undersigned is an "affiliate," that the undersigned
will comply with the registration and prospectus delivery requirements of the
Securities Act to the extent applicable. If the undersigned is a broker-dealer
(whether or not it is also an "affiliate") that will receive Registered Notes
for its own account in exchange for Outstanding Notes, it represents that such
Outstanding Notes were acquired as a result of market-making activities or other
trading activities, and it acknowledges that it will deliver a prospectus
meeting the requirements of the Securities Act in connection with any resale of
such Registered Notes. By acknowledging that it will deliver and by delivering a
prospectus meeting the requirements of the Securities Act in connection with any
resale of such Registered Notes, the undersigned is not deemed to admit that it
is an "underwriter" within the meaning of the Securities Act.
Very truly yours,
INTERNATIONAL SPEEDWAY
CORPORATION
PLEASE RETURN YOUR INSTRUCTIONS TO US IN THE ENCLOSED ENVELOPE WITHIN
AMPLE TIME TO PERMIT US TO SUBMIT A TENDER ON YOUR BEHALF PRIOR TO THE
EXPIRATION DATE.
INSTRUCTION TO
BOOK ENTRY TRANSFER PARTICIPANT
To Participant of the DTC:
The undersigned hereby acknowledges receipt of the Prospectus dated
August 24, 2004 (the "Prospectus"), of International Speedway Corporation, a
Florida corporation (the "Company"), and the accompanying Letter of Transmittal
(the "Letter of Transmittal") that together constitute the Company's offer (the
"Exchange Offer") to exchange its 4.20% Senior Notes due 2009 and its 5.40%
Senior Notes due 2014 (the "Registered Notes"), for all of its issued and
outstanding 4.20% Senior Notes due 2009 and 5.40% Senior Notes due 2014,
respectively (the "Outstanding Notes"). Capitalized terms used but not defined
herein have the meanings ascribed to them in the Prospectus or the Letter of
Transmittal.
This will instruct you, the DTC participant, as to the action to be
taken by you relating to the Exchange Offer with respect to the Outstanding
Notes held by you for the account of the undersigned.
The aggregate face amount of the Outstanding Notes held by you for the
account of the undersigned is (FILL IN AMOUNT):
$__________________ of 4.20% Senior Notes due 2009.
$__________________ of 5.40% Senior Notes due 2014.
$__________________ (TOTAL).
WITH RESPECT TO THE EXCHANGE OFFER, THE UNDERSIGNED HEREBY INSTRUCTS
YOU (CHECK APPROPRIATE BOX):
[ ] TO TENDER THE FOLLOWING AMOUNT OF OUTSTANDING NOTES HELD BY YOU FOR
THE ACCOUNT OF THE UNDERSIGNED (INSERT PRINCIPAL AMOUNT OF OUTSTANDING NOTES TO
BE TENDERED) (IF ANY): $__________________ OF 4.20% SENIOR NOTES DUE 2009; AND
$__________________ OF 5.40% SENIOR NOTES DUE 2014.
[ ] NOT TO TENDER ANY OUTSTANDING NOTES HELD BY YOU FOR THE ACCOUNT OF
THE UNDERSIGNED.
If the undersigned instructs you to tender the Outstanding Notes held by
you for the account of the undersigned, it is understood that you are authorized
to make, on behalf of the undersigned (and the undersigned by, its signature
below, hereby makes to you), the representations contained in the Letter of
Transmittal that are to be made with respect to the undersigned as a beneficial
owner, including, but not limited to, the representations that (i) the
Registered Notes acquired pursuant to the Exchange Offer are being acquired in
the ordinary course of business of the undersigned, (ii) neither the undersigned
nor any such other person has an arrangement or understanding with any person to
participate in the distribution within the meaning of the
Securities Act of 1933, as amended (the "Securities Act"), of such Registered
Notes, (iii) if the undersigned is not a broker-dealer, or is a broker-dealer
but will not receive Registered Notes for its own account in exchange for
Outstanding Notes, neither the undersigned nor any such other person is engaged
in or intends to participate in the distribution of such Registered Notes and
(iv) neither the undersigned nor any such other person is an "affiliate" of the
Company within the meaning of Rule 405 under the Securities Act or, if the
undersigned is an "affiliate," that the undersigned will comply with the
registration and prospectus delivery requirements of the Securities Act to the
extent applicable. If the undersigned is a broker-dealer (whether or not it is
also an "affiliate") that will receive Registered Notes for its own account in
exchange for Outstanding Notes, it represents that such Outstanding Notes were
acquired as a result of market-making activities or other trading activities,
and it acknowledges that it will deliver a prospectus meeting the requirements
of the Securities Act in connection with any resale of such Registered Notes. By
acknowledging that it will deliver and by delivering a prospectus meeting the
requirements of the Securities Act in connection with any resale of such
Registered Notes, the undersigned is not deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.
SIGN HERE
Name of beneficial owner(s):
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Signature(s):
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Name(s) (please print):
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Address:
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Telephone Number:
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Taxpayer Identification or Social Security Number:
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Date:
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