HOUSTON--(BUSINESS WIRE)--Apr. 24, 2019--
Natural Resource Partners L.P. (NYSE: NRP) today announced that
the Board of Directors of its general partner declared a first quarter
2019 distribution of $0.45 per NRP common unit. The distribution will be
paid on May 14, 2019 to unitholders of record on May 7, 2019.
The Board also declared a first quarter cash distribution on NRP’s 12.0%
Class A Convertible Preferred Units, totaling $7.5 million.
In addition, the Board declared a one-time special distribution
of $0.85 per NRP common unit. The purpose of this special distribution
is to cover the common unitholders’ tax liability resulting from the
sale of NRP’s construction aggregates business in December 2018. This
one-time special distribution of $0.85 per common unit will be paid
on May 14, 2019 to unitholders of record on May 7, 2019.
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, including an equity investment in CinerWyoming, a trona/soda ash operation.
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 Tiffany Sammis at 713-751-7515
or tsammis@nrplp.com. Further
information about NRP is available on the partnership’s website at http://www.nrplp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190424006019/en/
Source: Natural Resource Partners L.P.
Tiffany Sammis, 713-751-7515
tsammis@nrplp.com