Natural Resource Partners Declares Fourth Quarter 2017 Distributions
January 25 2018 - 4:15PM
Business Wire
Natural Resource Partners L.P. (NYSE: NRP) today
announced that the Board of Directors of its general partner
declared a fourth quarter 2017 distribution of $0.45 per
common unit for NRP. The distribution will be paid on February
14, 2018 to unitholders of record on February 7,
2018.
The Board also declared a fourth quarter distribution of $7.8
million on NRP’s 12.0% Class A Convertible Preferred Units, which
will be paid entirely in cash. During February 2018, NRP also
intends to redeem all of the 8,845 outstanding preferred units
previously paid-in-kind at their par value of $1,000 per unit.
Company Profile
Natural Resource Partners L.P., a master limited
partnership headquartered in Houston, TX, is a diversified
natural resource company that owns interests in coal, aggregates,
and industrial minerals across the United States. A large
percentage of NRP's revenues are generated from royalties and other
passive income. In addition, NRP owns an equity investment in Ciner
Wyoming, a trona/soda ash operation and owns a construction
aggregates company.
Withholding Information for Foreign Investors
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100.0%) of NRP's distributions to foreign
investors as being attributable to income that is effectively
connected with a United States trade or business. Accordingly,
NRP's distributions to foreign investors are subject to federal
income tax withholding at the highest applicable rate.
For additional information please contact Kathy Roberts at
713-751-7555 or kroberts@nrplp.com. Further information about NRP
is available on the partnership’s website
at http://www.nrplp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180125006024/en/
Natural Resource Partners L.P.Kathy Roberts,
713-751-7555kroberts@nrplp.com
Natural Resource Partners (NYSE:NRP)
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