Rentech Nitrogen Partners - Investor Relations

Investor FAQs

1.	When was Rentech Nitrogen Partners’ initial public offering (IPO)?
2.	What is a master limited partnership (MLP)?
3.	What is the difference between an investment in units of a publicly traded MLP and stock in a corporation?
4.	What is the difference between a distribution and a dividend?
5.	How often are distributions paid?
6.	How are distributions reported for tax purposes?
7.	When is Rentech Nitrogen Partners' year end?
8.	Can I purchase units directly from Rentech Nitrogen Partners?
9.	Who is the Transfer Agent for Rentech Nitrogen Partners?
10.	Where can I find Rentech Nitrogen Partners' SEC filings?
11.	How can I contact Investor Relations?

1.	When was Rentech Nitrogen Partners’ initial public offering (IPO)?
	Rentech Nitrogen Partners, L.P. priced its initial public offering (IPO) as a master limited partnership (MLP) on November 3, 2011. The IPO was for 15,000,000 common units representing limited partner interests in the partnership at a price of $20.00 per common unit. The partnership is listed on the NYSE where it began trading under the symbol "RNF" on November 4, 2011.

What is a master limited partnership (MLP)?

A master limited partnership, or MLP, is a limited partnership. Units that are traded on public stock exchanges represent the investor's limited partner ownership interest in the MLP and the investor is called a unit holder. In addition to the limited partners, who provide capital to the partnership but have no role in its management, an MLP has one or more general partners that manage the partnership. Rentech Nitrogen Partners' general partner is Rentech, Inc.

What is the difference between an investment in units of a publicly traded MLP and stock in a corporation?

A limited partner in an MLP owns units of the partnership instead of shares of stock in a corporation. Partners in an MLP receive cash distributions rather than dividends. Unlike a corporation, partnerships are generally not subject to federal and state income taxes. Instead, all income, gains, losses and deductions of the partnership pass through to its unit holders who are, in turn, required to report their share of those items on their individual tax returns, as though the unit holder had incurred these items directly.

What is the difference between a distribution and a dividend?

A distribution is paid by a partnership to its partners, which is generally tax-deferred. A dividend is paid by a corporation to its stockholders and is generally taxable in the year it is received. The taxable income you are allocated as a unit holder may not be equal to the cash distributions that you receive because your share of taxable income as a unit holder includes noncash expenses such as depreciation and depletion, while the cash distributions you receive reflect the cash flow generating ability of the partnership's assets.

5.	How often are distributions paid?
	Distributions are paid approximately 45 days after each quarter end. In order to receive a particular quarter's cash distribution, you must own the units as of the record date established by the partnership.

6.	How are distributions reported for tax purposes?
	Unlike a stock dividend, the cash distributions from the partnership are not reported on your income tax return. Instead, you are taxed on your share of partnership taxable income, which will be provided to all unit holders on Schedule K-1 annually.

7.	When is Rentech Nitrogen Partners' year end?
	Rentech Nitrogen Partners' year end is December 31st.

8.	Can I purchase units directly from Rentech Nitrogen Partners?
	At this time, we do not offer a direct purchase plan. You may purchase units through your financial representative, such as your bank or broker.

9.	Who is the Transfer Agent for Rentech Nitrogen Partners?
	The transfer agent for Rentech Nitrogen Partners is Computershare Trust Company. Computershare will answer questions from unit holders regarding address changes and lost certificates. Computershare Investor Services 250 Royal Street Canton, MA 02021 Phone: 800-962-4284 Fax: 303-262-0700 E-mail: shareholder@computershare.com Website: http://www.computershare.com

10.	Where can I find Rentech Nitrogen Partners' SEC filings?
	You can access Rentech Nitrogen Partners' filings here.

11.	How can I contact Investor Relations?
	Please contact: Julie Dawoodjee Cafarella Vice President of Investor Relations and Communications 310-571-9800 ir@rnp.net

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