SUGAR LAND, Texas, Jan. 26, 2012 /PRNewswire/ -- CVR Partners, LP
(NYSE: UAN), a master limited partnership and manufacturer of
ammonia and urea ammonium nitrate (UAN) solution fertilizer
products, announced today declaration of a cash distribution of
58.8 cents per common unit for the
fourth quarter of 2011.
(Logo:
http://photos.prnewswire.com/prnh/20080226/CVRLOGO)
The distribution as set by the board of CVR GP, LLC, the general
partner of CVR Partners, will be paid Feb.
14 to unit holders of record on Feb.
7, 2012.
This will be the third cash distribution paid by the partnership
since it began trading on the New York Stock Exchange on
April 8, 2011, and will result in
cumulative cash distributions paid of approximately $1.57 per common unit. CVR Partners
believes it is well positioned to meet or exceed its previous
distribution guidance of $1.92 for
the twelve months ending March 31,
2012, as reported in its prospectus dated April 7, 2011, in connection with its initial
public offering.
CVR Partners previously announced that it will release its
fourth quarter 2011 and year end results on Wednesday, Feb. 22, after the close of New York
Stock Exchange trading. Chief Executive Officer Byron Kelley and other executives then will host
a teleconference call for analysts and investors on Thursday, Feb. 23, at 10
a.m. Eastern time.
The Earnings Conference Call will be broadcast live over the
Internet at http://www.videonewswire.com/event.asp?id=84798.
For investors or analysts who want to participate during the call,
the dial-in number is (877) 869-3847. For those unable to
listen live, the Webcast will be archived and available for 28 days
at http://www.videonewswire.com/event.asp?id=84798.
CVR Partners' fourth quarter and year end 2011 earnings news
release will be distributed via PR Newswire and posted at
www.CVRPartners.com.
This release serves as a qualified notice to nominees and
brokers as provided for under Treasury Regulation Section
1.1446-4(b). Please note that 100 percent of CVR Partners'
distributions to foreign investors are attributable to income that
is effectively connected with a United
States trade or business. Accordingly, the CVR Partners'
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate.
The information contained in this news release includes
forward-looking statements based on management's current
expectations and beliefs, as well as a number of assumptions
concerning future events. These statements are subject to risks,
uncertainties, assumptions and other important factors. You are
cautioned not to put undue reliance on such forward-looking
statements (including forecasts and projections regarding our
future performance) because actual results may vary materially from
those expressed or implied as a result of various factors,
including, but not limited to those set forth under "Risk Factors"
and "Cautionary Note Regarding Forward- Looking Statements" in the
CVR Partners, LP Prospectus and any other filings CVR Partners, LP
makes with the Securities and Exchange Commission. CVR Partners, LP
assumes no obligation to, and expressly disclaims any obligation
to, update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
About CVR Partners, LP
Headquartered in Sugar Land,
Texas, with manufacturing facilities located in Coffeyville, Kan., CVR Partners, LP is a
Delaware limited partnership
focused primarily on the manufacture of nitrogen fertilizers. The
CVR Partners nitrogen fertilizer manufacturing facility is the only
operation in North America that
uses a petroleum coke gasification process to produce nitrogen
fertilizer and includes a 1,225 ton-per-day ammonia unit, a 2,025
ton-per-day urea ammonium nitrate unit, and a dual-train gasifier
complex having a capacity of 84 million standard cubic feet per day
of hydrogen.
SOURCE CVR Partners, LP