On 25 July, the Board of Directors of CONSOL Coal Resources GP LLC, the general partner of CONSOL Coal Resources LP, announced a cash distribution of US$0.5125 per unit to all limited partner unit holders and the related cash distribution to the holder of the general partner interest. The distribution to all unit holders of the Partnership will be made on 15 August 2019 to such holders of record at the close of business on 8 August 2019.
Upon payment of the second quarter distribution, the financial tests required for conversion of all of the CCR subordinated units, which are owned by CONSOL Energy, Inc., will have been met. Accordingly, the subordinated units will convert into common units on a one-for-one basis effective 16 August 2019, the first business day following the payment of the second quarter distribution.
Read the article online at: https://www.worldcoal.com/coal/29072019/consol-coal-resources-shares-distribution-for-2q19/
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