HOUSTON, April 26, 2017 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE: NRP) today announced that the Board of Directors of its general partner declared a first quarter 2017 distribution of $0.45 per unit for NRP. The distribution will be paid on May 12, 2017 to unitholders of record on May 5, 2017.
In addition, the Board declared a distribution on NRP's 12.0% Class A Convertible Preferred Units with respect to the period such units were outstanding during the first quarter. One-half of the distribution on the preferred units will be paid-in-kind through the issuance of 1,250 additional preferred units.
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 VantaCore, one of the top 25 aggregates producers in the United States.
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@example.com. Further information about NRP is available on the partnership's website at http://www.nrplp.com.
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SOURCE Natural Resource Partners L.P.