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.
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 [email protected]. Further information about NRP is available on the partnership’s website at http://www.nrplp.com.
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