master limited partnership

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Master limited partnership (MLP)

Master Limited Partnership

A limited partnership with ownership units that may be traded on an exchange. A limited partnership consists of a general partner, who manages the venture, and limited partners, who simply provide capital. A master limited partnership allows limited partners to buy and sell units of the venture as if they were shares in a publicly-traded company. Limited partners often receive cash distributions, which are similar to dividends, on a regular basis. This business form combines the tax advantages of a partnership, which does not pay tax on its profit, with the liquidity of a publicly-traded company. It is also called a publicly traded partnership.

master limited partnership (MLP)

A limited partnership that provides an investor with a direct interest in a group of assets (generally, oil and gas properties). Master limited partnership units trade publicly like stock and thus provide the investor significantly more liquidity than ordinary limited partnerships. See also roll-up.
References in periodicals archive ?
About MLPA: The Master Limited Partnership Association (MLPA) is the nation's only trade association representing the publicly traded partnerships commonly known as master limited partnerships (MLPs).
NEW YORK -- Alerian Capital Management LLC announced today that Bear Stearns has launched the first Exchange Traded Note (ETN) linked to an index of Master Limited Partnerships.
The index consists of leading, liquid Master Limited Partnerships trading on a major U.
Hammond, 27, a managing partner at Alerian Capital Management, LLC since 2004, brings extensive expertise in the structuring and management of master limited partnerships.
The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships and is calculated by Standard & Poor's using a float-adjusted market capitalization methodology, providing an unbiased, comprehensive benchmark for the performance of this emerging asset class.
The Claymore/Zacks Yield Hog ETF is the first distribution-optimized ETF and the first ETF to invest in an index that can invest in traditional preferred securities, master limited partnerships ("MLPs") and closed-end funds.
Tortoise Energy Capital provides financing primarily for master limited partnerships (MLPs) in the energy infrastructure sector.
Tortoise North American Energy invests in a portfolio consisting primarily of publicly traded Canadian royalty trusts and income trusts (collectively, RITs) and publicly traded United States master limited partnerships (MLPs) with an emphasis on the midstream and downstream North American energy sector.
The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships and will be calculated by Standard & Poor's using a float-adjusted market capitalization methodology.
owns a portfolio of master limited partnerships in the energy infrastructure sector.
Tortoise North American Energy seeks to provide its shareholders with a vehicle to invest in a portfolio consisting primarily of publicly traded Canadian royalty trusts and income trusts (collectively RITs) and publicly traded United States master limited partnerships (MLPs) with an emphasis on the midstream and downstream North American energy sector.