Unitholder FAQs

Natural Resource Partners L.P. is a diversified natural resource company that owns, manages and leases a diversified portfolio of properties across the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. A large percentage of NRP’s revenues are generated from royalties and other passive income. In addition, NRP owns an equity interest in Sisecam Wyoming, one of the world’s lowest-cost producers of soda ash.

NRP is a master limited partnership headquartered in Houston, TX.

General Information

Who is the transfer Agent and Registrar of the Corporation?

American Stock Transfer and Trust Company

Address: 6201 15th Avenue Brooklyn, NY 11219
Telephone: 1-800-937-5449
E-mail Address: help@astfinancial.com

Registered shareholders may write, e-mail or call the transfer agent above for information about share balance, account consolidation, change of name or address for official records, stock transfer, and other administrative matters. Information and forms are also available through astfinancial.com.

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Where is the partnership headquarters located?

Natural Resource Partners L.P. 1415 Louisiana Street, Suite 2400, Houston, TX 77002 713-751-7507

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How may I be added to the e-mail alert list for the partnership?

You may be added to the mail alert where you will be notified by email if the partnership issues any news releases, adds partnership events to its website or makes any filings with the Securities and Exchange Commission. To add your email address to mail alert please visit the Investors section here.

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How many employees does the Partnership have?

As of December 31, 2021, affiliates of our general partner employed 52 people who directly supported our operations. None of these employees were subject to a collective bargaining agreement.

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When are distributions declared and paid?

The Partnership will make the quarterly distributions within 60 days after the end of each quarter to the unitholders of record on the applicable record date.

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What amount is distributed quarterly?

The actual amount of cash that is available to be distributed each quarter depends on numerous factors, some of which are beyond our control and the control of the general partner. The actual amount of cash we have to distribute each quarter is reduced by payments in respect of debt service and other contractual obligations, fixed charges, maintenance capital expenditures and reserves for future operating or capital needs that the board of directors may determine are appropriate.

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What is the distribution history?

Distribution history can be found here.

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Tax Information

What tax information will I be issued?

Since Natural Resource Partners L.P. is a partnership, you will be issued a Schedule K-1 and Schedule K-3 in approximately March of each year. You will not receive a Form 1099. Your Schedule K-1 and Schedule K-3 will be available electronically through Tax Package Support by clicking the “K-1 & K-3 Tax Info” link in the banner at the top of the page. If you are not signed up for an electronic copy of your Schedule K-1, then it will be mailed directly to you. Schedule K-3’s will only be available in electronic form through Tax Package Support. If you need assistance in obtaining an electronic copy of your Schedule K-1 or Schedule K-3, unitholders may call Tax Package Support toll free at 888-334-7102.

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Why do I need a schedule K-3?

A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained therein and refer to the appropriate federal laws and guidance or consult with your tax advisor. If you need assistance in obtaining an electronic copy of your Schedule K-3, unitholders may call Tax Package Support toll free at 888-334-7102

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What portion of the cash distributed will be taxable income?

Depending upon your basis in the units, a portion of the cash received may be tax deferred. In addition a substantial portion of the income that will be allocated to you is expected to be long-term capital gain, which for individuals is subject to a significantly lower maximum federal income tax rate than ordinary income.

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Must I pay income taxes in various states in which the Partnership operates?

Appropriate information is provided on the Form K-1 to file the necessary returns. You should contact your tax adviser regarding applicable state income taxes. The partnership owns assets in all of the states listed below. Each of these states currently impose a personal income tax. You may reach the appropriate state tax websites by clicking on the appropriate link below.

In addition NRP owns assets and generates income in Florida, Texas, and Wyoming none of which currently impose personal income taxes.

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Does the partnership have unrelated business taxable income(UBTI)?

The partnership does have UBTI making this investment not suitable for IRA’s and regulated investment companies.

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May this security be held by non-U.S. persons?

While the security is not prohibited from being held by a non-U.S. person, any distributions to non-U.S. persons will be reduced by withholding tax at the highest effective tax rate applicable to individuals, and non U.S. unitholders will be required to file federal income tax returns and pay tax on their share of our taxable income.

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Is there a requirement by brokers to withhold on a transfer of units by a non-U.S. person?

For the purposes of withholding on sales transactions under Treasury Regulation Section 1.1446(f)-4(a)(2), brokers should treat one hundred percent (100%) of the proceeds attributable to the sale of Partnership units as being attributable to a U.S. trade or business.

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May I invest in NRP through my individual retirement account (IRA)?

While investing in NRP through an IRA is not prohibited, it may not be advisable. Under certain circumstances, due to unrelated business taxable income, the income may be taxable to the unitholder even though it is held in an IRA. Before investing in NRP through an IRA it is advisable that you speak with your tax adviser.

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