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  Unitholder FAQs

GENERAL INFORMATION
  Who is the transfer Agent and Registrar of the Corporation?
  Where is the partnership headquarters located?
  How may I be added to the e-mail alert list for the partnership?
  How do I reach Unitholder Relations?
  How many employees does the Partnership have?

DISTRIBUTIONS
  When are distributions declared and paid?
  What amount is distributed quarterly?
  What is the distribution history?

TAX INFORMATION
  What tax information will I receive at the end of the year?
  What portion of the cash distributed will be taxable income?
  Must I pay income taxes in various states in which the Partnership operates?
  Does the partnership have unrelated business taxable income(UBTI)?
  May this security be held by non-U.S. persons?
  May I invest in NRP through my individual retirement account (IRA)?


 GENERAL INFORMATION

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Who is the transfer Agent and Registrar of the Corporation? 
American Stock Transfer and Trust Company    
Postal Address:
59 Maiden Lane
Plaza Level
New York, NY 10038
  Overnight Address:
6201 15th Avenue
Brooklyn, NY 11219
E-mail Address:
info@amstock.com
  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 71 individuals.

 DISTRIBUTIONS

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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

 

 

 

Marginal Percentage Interest in
__Distributions Paid__

 

Total Quarterly Distribution Target Amount

 

Unitholders

 

General Partner

 

Holders of IDRs

Minimum Quarterly Distribution

$0.25625

 

98%

 

2%

 

-

First Target Distribution

$0.25625 up to $0.28125

 

98%

 

2%

 

-

Second Target Distribution

above $0.28125 up to $0.33125

 

85%

 

2%

 

13%

Third Target Distribution

above $0.33125 up to $0.38125

 

75%

 

2%

 

23%

Thereafter

above $0.38125

 

50%

 

2%

 

48%

Cash Distributions to Partners
(In thousands)

        General
Partner
  Limited
Partners
  Other
Holders of
IDRs
  Total
Distributions
2005   Distributions     $ 1,504     $ 70,952     $ -      $ 72,456
    IDR Distributions   1,765     952   2,717
    Total Distributions   3,269   70,952   952   75,173
                     
2006   Distributions   1,847   81,660     83,507
    IDR Distributions   5,756     3,099   8,855
    Total Distributions   7,603   81,660   3,099   92,362
                     
2007   Distributions   2,939   118,858     121,797
    IDR Distributions   16,404     8,832   25,236
    Total Distributions   $ 19,343   $ 118,858   $ 8,832   $ 147,033
                     
2008   Distributions   3,246   131,080     4,506
    IDR Distributions   23,921     12,880   36,801
    Total Distributions   $ 27,347   $ 131,080   $ 12,880   $ 171,307

What is the distribution history?

Declared

 

Ex-Date

 

Record

 

Payable

Amount

01/21/2010

 

02/03/2010

 

02/05/2010

 

02/12/2010

$0.54000

10/21/2009

 

11/03/2009

 

11/05/2009

 

11/13/2009

$0.54000

07/22/2009

 

08/03/2009

 

08/05/2009

 

08/14/2009

$0.54000

04/22/2009

 

04/30/2009

 

05/04/2009

 

05/14/2009

$0.54000

01/21/2009

 

02/03/2009

 

02/05/2009

 

02/13/2009

$0.53500

10/15/2008

 

10/30/2008

 

11/03/2008

 

11/14/2008

$0.52500

07/16/2008

 

07/30/2008

 

08/01/2008

 

08/14/2008

$0.51500

04/16/2008

 

04/29/2008

 

05/01/2008

 

05/14/2008

$0.49500

01/16/2008

 

01/30/2008

 

02/01/2008

 

02/14/2008

$0.48500

10/17/2007

 

10/30/2007

 

11/01/2007

 

11/14/2007

$0.47500

07/18/2007

 

07/30/2007

 

08/01/2007

 

08/14/2007

$0.46500

04/18/2007

 

04/27/2007

 

05/01/2007

 

05/14/2007

$0.45500

01/17/2007

 

01/30/2007

 

02/01/2007

 

02/14/2007

$0.44000

10/17/2006

 

10/30/2006

 

11/01/2006

 

11/14/2006

$0.42500

07/19/2006

 

07/28/2006

 

08/01/2006

 

08/14/2006

$0.41000

04/18/2006

 

04/27/2006

 

05/01/2006

 

05/12/2006

$0.39500

01/18/2006

 

01/30/2006

 

02/01/2006

 

02/14/2006

$0.38125

10/20/2005

 

10/28/2005

 

11/01/2005

 

11/14/2005

$0.36875

07/20/2005

 

07/28/2005

 

08/01/2005

 

08/12/2005

$0.35625

04/20/2005

 

04/28/2005

 

05/02/2005

 

05/13/2005

$0.34375

01/20/2005

 

01/28/2005

 

02/01/2005

 

02/14/2005

$0.33125

10/20/2004

 

10/28/2004

 

11/01/2004

 

11/12/2004

$0.31875

07/21/2004

 

07/21/2004

 

07/21/2004

 

07/21/2004

$0.30000

04/21/2004

 

04/29/2004

 

05/03/2004

 

05/14/2004

$0.28750

01/21/2004

 

01/29/2004

 

02/02/2004

 

02/13/2004

$0.28125

10/23/2003

 

10/30/2003

 

11/03/2003

 

11/14/2003

$0.26875

07/18/2003

 

07/30/2003

 

08/01/2003

 

08/14/2003

$0.26125

04/21/2003

 

04/29/2003

 

05/01/2003

 

05/15/2003

$0.26125

01/21/2003

 

01/30/2003

 

02/03/2003

 

02/14/2003

$0.21170*

               

*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.

 TAX INFORMATION

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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.

Alabama

Arizona

Illinois

Indiana

Kentucky

 

Maryland

Montana

North Dakota

Ohio

Pennsylvania

 

Tennessee

Virginia

Washington

West Virginia

In addition NRP owns assests and generates income in Texas and Washington, neither of which currently imposes 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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