Alliance Resource Partners, L.P. (ARLP) has announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended 30 September 2018 (the 2018 quarter).
ARLP unitholders will receive a cash distribution for the 2018 quarter of US$0.525 per unit (an annualised rate of US$2.10 per unit), payable on 14 November 2018 to all unitholders of record as of the close of trading on 7 November 2018. The announced distribution represents a 4.0% increase over the cash distribution declared of US$0.505 for the quarter ended 30 September 2017 and a 1% increase over the cash distribution declared of US$0.52 for the quarter ended 30 June 2018.
As previously announced, ARLP will report financial results for the 2018 quarter before the market opens on Monday 29 October 2018 and Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (877) 506-1589 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. Canadian callers should dial (855) 669-9657 and all other international callers should dial (412) 317-5240 and request to be connected to the same call. Investors may also listen to the call via the ‘investor information’ section of ARLP’s website.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial US Toll Free (877) 344-7529; International Toll (412) 317-0088; Canada Toll Free (855) 669-9658 and request to be connected to replay access code 10125074.
This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership’s distributions to foreign investors attributable to gross income, gain or loss that is effectively connected with a US trade or business. Accordingly, ARLP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.
Read the article online at: https://www.worldcoal.com/coal/29102018/arlp-increases-3q18-unitholder-distribution/