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Unitholder FAQs
GENERAL INFORMATION
DISTRIBUTIONS
TAX INFORMATION
Who is the transfer Agent and Registrar of the Corporation?
| American Stock Transfer and Trust Company |
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Postal Address:
59 Maiden Lane
Plaza Level
New York, NY 10038 |
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Overnight Address:
6201 15th Avenue
Brooklyn, NY 11219 |
E-mail Address:
info@amstock.com |
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Telephone:
1-800-937-5449 | 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 http://amstock.com.
Where is the partnership headquarters located?
Natural Resource Partners L.P.
601 Jefferson Street
Suite 3600
Houston, Tx. 77002
713-751-7507
http://www.nrplp.com
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 - Email Alerts- or Click Here
How may I be added to the mailing list for the partnership?
To request information please contact Investor Relations at (713) 751-7555 or send a request to:
Investor Relations
Natural Resource Partners L.P.
601 Jefferson Street
Suite 3600
Houston, Tx. 77002
How many employees does the Partnership have?
None, all employees are employees of the General Partner and their wages and expenses are billed through the General Partner. The General Partner currently employees 77 individuals.
When are distributions declared and paid?
The Partnership will make the quarterly distributions within 45 days after the end of each quarter to the unitholders of record on the applicable record date.
What amount is distributed quarterly?
We must distribute all of our cash on hand at the end of each quarter, less reserves established by our general partner. We refer to this cash as "available cash" as that term is defined in our partnership agreement. The amount of available cash may be greater than or less than the minimum quarterly distribution. In general, we intend to increase our cash distributions in the future assuming we are able to increase our "available cash" from operations and through acquisitions, provided there is no adverse change in operations, economic conditions and other factors. However, we cannot guarantee that future distributions will continue at such levels.
Percentage Allocations of Available Cash from Operating Surplus
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Marginal Percentage Interest in
__Distributions Paid__ |
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Total Quarterly Distribution Target Amount |
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Unitholders |
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General Partner |
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Holders of IDRs |
| Minimum Quarterly Distribution |
$0.25625 |
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98% |
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2% |
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- |
| First Target Distribution |
$0.25625 up to $0.28125 |
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98% |
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2% |
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- |
| Second Target Distribution |
above $0.28125 up to $0.33125 |
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85% |
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2% |
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13% |
| Third Target Distribution |
above $0.33125 up to $0.38125 |
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75% |
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2% |
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23% |
| Thereafter |
above $0.38125 |
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50% |
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2% |
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48% |
Cash Distributions Paid to Partners
(In thousands)
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General
Partner |
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Limited
Partners |
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IDRs |
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Total
Distributions |
| 2005 |
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Distributions |
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$ 1,504 |
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$ 70,952 |
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$ 2,717 |
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$ 75,173 |
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| 2006 |
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Distributions |
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1,847 |
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81,660 |
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8,855 |
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92,362 |
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| 2007 |
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Distributions |
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2,939 |
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118,858 |
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25,236 |
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147,033 |
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| 2008 |
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Distributions |
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3,246 |
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131,080 |
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36,801 |
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171,307 |
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| 2009 |
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Distributions |
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3,746 |
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144,766 |
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39,607 |
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188,135 |
What is the distribution history?
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Declared |
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Ex-Date |
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Record |
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Payable |
Amount |
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01/19/2011 |
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02/02/2011 |
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02/04/2011 |
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02/14/2011 |
$0.54000 |
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10/21/2010 |
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11/03/2010 |
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11/05/2010 |
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11/12/2010 |
$0.54000 |
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07/21/2010 |
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08/03/2010 |
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08/05/2010 |
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08/13/2010 |
$0.54000 |
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04/22/2010 |
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05/03/2010 |
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05/05/2010 |
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05/14/2010 |
$0.54000 |
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01/21/2010 |
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02/03/2010 |
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02/05/2010 |
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02/12/2010 |
$0.54000 |
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10/21/2009 |
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11/03/2009 |
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11/05/2009 |
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11/13/2009 |
$0.54000 |
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07/22/2009 |
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08/03/2009 |
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08/05/2009 |
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08/14/2009 |
$0.54000 |
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04/22/2009 |
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04/30/2009 |
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05/04/2009 |
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05/14/2009 |
$0.54000 |
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01/21/2009 |
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02/03/2009 |
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02/05/2009 |
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02/13/2009 |
$0.53500 |
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10/15/2008 |
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10/30/2008 |
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11/03/2008 |
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11/14/2008 |
$0.52500 |
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07/16/2008 |
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07/30/2008 |
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08/01/2008 |
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08/14/2008 |
$0.51500 |
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04/16/2008 |
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04/29/2008 |
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05/01/2008 |
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05/14/2008 |
$0.49500 |
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01/16/2008 |
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01/30/2008 |
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02/01/2008 |
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02/14/2008 |
$0.48500 |
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10/17/2007 |
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10/30/2007 |
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11/01/2007 |
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11/14/2007 |
$0.47500 |
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07/18/2007 |
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07/30/2007 |
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08/01/2007 |
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08/14/2007 |
$0.46500 |
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04/18/2007 |
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04/27/2007 |
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05/01/2007 |
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05/14/2007 |
$0.45500 |
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01/17/2007 |
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01/30/2007 |
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02/01/2007 |
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02/14/2007 |
$0.44000 |
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10/17/2006 |
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10/30/2006 |
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11/01/2006 |
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11/14/2006 |
$0.42500 |
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07/19/2006 |
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07/28/2006 |
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08/01/2006 |
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08/14/2006 |
$0.41000 |
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04/18/2006 |
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04/27/2006 |
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05/01/2006 |
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05/12/2006 |
$0.39500 |
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01/18/2006 |
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01/30/2006 |
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02/01/2006 |
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02/14/2006 |
$0.38125 |
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10/20/2005 |
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10/28/2005 |
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11/01/2005 |
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11/14/2005 |
$0.36875 |
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07/20/2005 |
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07/28/2005 |
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08/01/2005 |
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08/12/2005 |
$0.35625 |
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04/20/2005 |
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04/28/2005 |
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05/02/2005 |
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05/13/2005 |
$0.34375 |
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01/20/2005 |
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01/28/2005 |
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02/01/2005 |
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02/14/2005 |
$0.33125 |
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10/20/2004 |
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10/28/2004 |
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11/01/2004 |
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11/12/2004 |
$0.31875 |
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07/21/2004 |
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07/21/2004 |
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07/21/2004 |
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07/21/2004 |
$0.30000 |
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04/21/2004 |
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04/29/2004 |
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05/03/2004 |
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05/14/2004 |
$0.28750 |
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01/21/2004 |
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01/29/2004 |
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02/02/2004 |
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02/13/2004 |
$0.28125 |
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10/23/2003 |
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10/30/2003 |
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11/03/2003 |
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11/14/2003 |
$0.26875 |
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07/18/2003 |
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07/30/2003 |
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08/01/2003 |
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08/14/2003 |
$0.26125 |
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04/21/2003 |
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04/29/2003 |
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05/01/2003 |
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05/15/2003 |
$0.26125 |
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01/21/2003 |
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01/30/2003 |
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02/03/2003 |
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02/14/2003 |
$0.21170* |
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*This initial distribution is equivalent to a full quarter minimum distribution of $0.25625 prorated for the period from October 17, 2002, the date of closing of the initial public offering of common units, through December 31, 2002, the end of the quarter.
All distributions have been adjusted to reflect the two-for-one unit split in April 2007.
What tax information will I receive at the end of the year?
Since the entity is a partnership, you will receive a Form K-1 in approximately March of each year. You will not receive a Form 1099.
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 deffered. 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 (currently 15%) than ordinary income (currently taxable at a maximum rate of 35%).
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 Washington, none of which currently impose personal income taxes.
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.
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.
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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