master limited partnership

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Master limited partnership (MLP)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
It seeks total return primarily through investments in equity securities of publicly-traded master limited partnerships and limited liability companies taxed as partnerships (MLPs).
That decision followed revisions by the Federal Energy Regulatory Commission related to income tax treatment of interstate oil and gas master limited partnerships, or MLPs.
The FERC announced, on March 15, 2018, that it plans to revise its 2005 Policy Statement for Recovery of Income Tax Costs so that it no longer will allow interstate pipelines owned by Master Limited Partnerships to recover an income tax allowance in the cost of service.
The company said the new name is reflective of the investment strategy behind the index, which selects 25 master limited partnerships (MLPs) based on yield and other criteria.
Reuters reported last week that finance authorities are putting the finishing touches on rules for the vehicles, which will be similar to American "Master Limited Partnerships" (MLP).
Williams owns controlling interests in the two master limited partnerships (MLP).
The bill would revise the federal tax code to extend the list of energy companies permitted to form master limited partnerships.
Investors can learn more about Master Limited Partnerships by accessing Elliott Gue's free MLPs Investments report at:
ONEOK Partners LP (ONEOK), one of the largest publicly traded master limited partnerships, has increased the partnership's quarterly cash distribution.
Over the past few years, with the increasing sophistication and globalization of world capital markets, a variety of new financing alternatives have opened up for mid-sized companies - like leasing, working with finance companies, using master limited partnerships, and asset-backed financing.