Exhibit 99.1

January 5, 2017

Re: ICON Leasing Fund Eleven, LLC (the “Fund”)

Dear Investor:

As you are aware, the Fund has been in its late stages of liquidation for some time. The Fund has liquidated the majority of its investments and has very few significant assets remaining.

In order to reduce the expenses incurred by the Fund and maximize potential distributions to you, ICON Capital, LLC, the Manager of the Fund, determined that it is in the best interest of the Fund’s members to transfer all of its remaining assets and liabilities to the ICON Leasing Fund Eleven Liquidating Trust, a Delaware Statutory Trust (the “Liquidating Trust”). As of December 31, 2016, your shares of limited liability company interests in the Fund are now represented by an equal number of beneficial interests in the Liquidating Trust. In the future, any distributions you may receive will be from the Liquidating Trust rather than the Fund. The Liquidating Trust will be governed by a Liquidating Trust Agreement that appoints ICON Capital, LLC as managing trustee of the Liquidating Trust (the “Trustee”).

Accordingly, a certificate of cancellation terminating the Fund’s legal existence was filed in the State of Delaware and was effective on December 31, 2016. In addition, the Fund's reporting obligations with the Securities and Exchange Commission (Forms 10-K, 10-Q and 8-K) ceased as of January 5, 2017.

Subject to the receipt of no-action relief from the Securities and Exchange Commission, the Trustee will file an annual report with the Securities and Exchange Commission under cover of a Form 10-K showing the assets and liabilities of the Liquidating Trust at the end of each calendar year and the receipts and disbursements of the Trustee with respect to the Liquidating Trust for the period. The annual report will also describe the changes in the assets of the Liquidating Trust and the actions taken by the Trustee during the period. While the financial statements contained in such report will be prepared in accordance with generally accepted accounting principles, it is not contemplated that the financial statements will be audited by a registered public accounting firm. In addition, the Liquidating Trust will file information on Form 8-K to the extent that important information regarding its portfolio happens during the year.

You will receive your final Form K-1s from the Fund for the year ended December 31, 2016 sometime in February 2017. All future tax and other information will come from the Liquidating Trust.

Should you have any questions, please contact our Investor Relations Department at (800) 343-3736.