HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE: NRP) today announced that the Board of Directors of its general partner declared a first quarter 2018 distribution of $0.45 per common unit for NRP. The distribution will be paid on May 14, 2018 to unitholders of record on May 7, 2018.
The Board also declared a first quarter cash distribution on NRP’s 12.0% Class A Convertible Preferred Units, totaling $7.5 million.
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 a construction aggregates company.
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.