Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Declare First Quarter 2017 Unitholder Distribution
April 28 2017 - 4:15PM
Business Wire
Alliance Resource Partners, L.P. (NASDAQ: ARLP) and Alliance
Holdings GP, L.P. (NASDAQ: AHGP) today announced that the Board of
Directors of ARLP’s managing general partner and AHGP’s general
partner approved a cash distribution to their respective
unitholders for the quarter ended March 31, 2017 (the "2017
Quarter").
ARLP unitholders will receive a cash distribution for the 2017
Quarter of $0.4375 per unit (an annualized rate of $1.75 per unit),
payable on May 15, 2017 to all unitholders of record as of the
close of trading on May 8, 2017. The announced distribution is
equal to the distributions declared for the quarters ended December
31, 2016 (the "Sequential Quarter") and March 31, 2016 (the "2016
Quarter").
AHGP unitholders will receive a cash distribution for the 2017
Quarter of $0.55 per unit (an annualized rate of $2.20 per unit),
payable on May 19, 2017 to all unitholders of record as of the
close of trading on May 12, 2017. The announced distribution is
equal to the distributions declared for the Sequential Quarter and
the 2016 Quarter.
As previously announced, ARLP and AHGP will report financial
results for the 2017 Quarter before the market opens on Monday, May
1, 2017 and Alliance management will discuss these results during a
conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (855) 793-3259 and
provide conference number 4320772. International callers should
dial (631) 485-4928 and provide the same conference number.
Investors may also listen to the call via the "investor
information" section of ARLP’s website at http://www.arlp.com or
AHGP’s website at http://www.ahgp.com.
An audio replay of the conference call will be available for
approximately one week. To access the audio replay, dial (855)
859-2056 and provide conference number 4320772. International
callers should dial (404) 537-3406 and provide the same conference
number.
This announcement is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b), with 100% of the
partnership’s distributions to foreign investors attributable to
gross income, gain or loss that is effectively connected with a
United States trade or business. Accordingly, ARLP’s distributions
to foreign investors are subject to federal income tax withholding
at the highest applicable tax rate.
About Alliance Resource Partners, L.P.
ARLP is a diversified producer and marketer of coal to major
United States utilities and industrial users. ARLP, the nation’s
first publicly traded master limited partnership involved in the
production and marketing of coal, is currently the second largest
coal producer in the eastern United States with mining operations
in the Illinois Basin and Appalachian coal producing regions.
ARLP currently operates eight mining complexes in Illinois,
Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a
coal loading terminal on the Ohio River at Mount Vernon,
Indiana.
News, unit prices and additional information about ARLP,
including filings with the Securities and Exchange Commission, are
available at http://www.arlp.com. For more information, contact the
investor relations department of Alliance Resource Partners, L.P.
at (918) 295-7674 or via e-mail at investorrelations@arlp.com.
About Alliance Holdings GP, L.P.
AHGP is a limited partnership formed to own and control Alliance
Resource Management GP, LLC, the managing general partner of
Alliance Resource Partners, L.P. (NASDAQ: ARLP), through which it
holds a 1.98% general partner interest and the incentive
distribution rights in ARLP. In addition, AHGP owns 31,088,338
common units of ARLP.
News, unit prices and additional information about AHGP
including filings with the Securities and Exchange Commission, are
available at http://www.ahgp.com. For more information, contact the
investor relations department of Alliance Holdings GP, L.P. at
(918) 295-1415 or via e-mail at investorrelations@ahgp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170428005925/en/
Alliance Holdings GP, L.P.Alliance Resource Partners,
L.P.Brian L. Cantrell, 918-295-7673
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