Natural Resource Partners L.P. Declares Fourth Quarter 2022 Distributions

Rhea-AI Summary

Natural Resource Partners L.P. (NYSE: NRP) announced a fourth quarter 2022 distribution of $0.75 per common unit, payable on February 21, 2023, to unitholders of record on February 14, 2023. The board also declared a distribution of $7.5 million for NRP’s 12.0% Class A Convertible Preferred Units. NRP is a diversified natural resource company based in Houston, managing a portfolio of coal, industrial minerals, and renewable energy properties in the U.S. Additionally, it invests in Sisecam Wyoming LLC, a leading soda ash producer.

Positive

• Declared a fourth quarter distribution of $0.75 per common unit to shareholders.
• Total distribution for Class A Convertible Preferred Units is $7.5 million.
• Diversified portfolio including coal and renewable energy resources.

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• None.

HOUSTON--(BUSINESS WIRE)-- Natural Resource Partners L.P. (NYSE: NRP) today announced that the board of directors of its general partner declared a fourth quarter 2022 distribution of $0.75 per common unit for NRP. The distribution will be paid on February 21, 2023 to unitholders of record on February 14, 2023.

The board also declared a fourth quarter distribution on NRP’s 12.0% Class A Convertible Preferred Units totaling $7.5 million.

Company Profile

Natural Resource Partners L.P., a master limited partnership headquartered in Houston, TX, is a diversified natural resource company that owns, manages and leases a diversified portfolio of properties in the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. NRP also owns an equity investment in Sisecam Wyoming LLC, one of the world’s lowest-cost producers of soda ash.

Withholding Information for Foreign Investors

Concurrent with this announcement, we are providing qualified notice to brokers and nominees that hold NRP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one hundred percent (100%) of NRP's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. In addition, brokers and nominees should treat one hundred percent (100%) of the distribution as being in excess of cumulative net income for purposes of determining the amount to withhold. Accordingly, NRP's distributions to non-U.S. investors are subject to federal income tax withholding at a rate equal to the sum of the highest applicable rate plus ten percent (10%).

For additional information please contact Tiffany Sammis at 713-751-7515 or tsammis@nrplp.com. Further information about NRP is available on the partnership’s website at http://www.nrplp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230201005801/en/

Tiffany Sammis

713-751-7515

tsammis@nrplp.com

Source: Natural Resource Partners L.P.

FAQ

What is the fourth quarter distribution amount for NRP in 2022?

The fourth quarter distribution amount for Natural Resource Partners L.P. (NRP) in 2022 is $0.75 per common unit.

When will the NRP distribution be paid?

The NRP distribution will be paid on February 21, 2023.

What is the total distribution amount for Class A Convertible Preferred Units of NRP?

The total distribution amount for NRP’s 12.0% Class A Convertible Preferred Units is $7.5 million.

Who is eligible for the NRP distribution?

Unitholders of record on February 14, 2023, are eligible for the NRP distribution.

What type of company is Natural Resource Partners L.P.?

Natural Resource Partners L.P. is a diversified natural resource company managing coal and renewable energy properties in the U.S.