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 ?
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