HOUSTON–(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.
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.
Natural Resource Partners L.P.
Kathy Roberts, 713-751-7555