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Global investment firm The Carlyle Group announced that it is converting from a publicly-traded partnership to a Full C-Corporation under Delaware law, effective January 1, 2020.
It is a publicly-traded partnership which is also managed by BAM.
US-based midstream energy partnership Crestwood Equity Partners LP (NYSE: CEQP) said has agreed to buy affiliate Crestwood Midstream Partners LP (NYSE: CMLP) in a move to simplify Crestwood's corporate structure into a single publicly-traded partnership with a consolidated enterprise value of approximately USD 7.5bn, the partnerships said.
It currently holds 23.25m units of Rentech Nitrogen, a publicly-traded partnership that manufactures and sells nitrogen fertiliser products including ammonia, urea ammonia nitrate and liquid and granular urea in the Mid Corn Belt region of the US.
QR Energy is a publicly-traded partnership with headquarters in Houston, Texas.
Furthermore, a taxpayer will not be treated as having disposed of his entire interest in an activity of a publicly-traded partnership until he disposes of his entire interest in the partnership.
However, as a result of the publicly-traded partnership rules, the risk that such corporate tax base erosion would occur is remote.
If the limited partnership is a publicly-traded partnership it will be taxed as a corporation, and the owners of the limited partnership interests will be taxed as if they were holding stock in a corporation (see Chapter 10, "Common Stock").
However, if the IRA had invested in a corporation or in a publicly-traded partnership that was taxed as a corporation, then there would be no UBTI.
A pension plan's share of the gross income of a publicly-traded partnership was treated as income derived from an unrelated trade or business.
ALSO HIGHER: Carlyle Group (CG), up 4% after reporting earnings and announcing that it is converting from a publicly-traded partnership to a Full C-Corporation.
It currently holds 23.25m units of Rentech Nitrogen, a publicly-traded partnership that manufactures and sells nitrogen fertiliser products including ammonia, urea ammonia nitrate and liquid and granular urea in the Mid Corn Belt region of the US.Country: USASector: ChemicalsTarget: Agrifos LLCBuyer: Rentech Inc, Rentech Nitrogen Partners LPVendor: Agrifos Holdings IncDeal size in USD: 158mType: Corporate acquisitionFinancing: Existing resources, DebtStatus: Closed