M2 EQUITYBITES-August 2, 2019-Duff & Phelps Select MLP
and Midstream Energy Fund announces distribution of USD0.15 per share for quarter
A master limited partnership (MLP
) is a business structure that is taxed as a partnership, but whose ownership interests are traded like corporate stock on a market.
To address this primary problem around collection at source, IBHA pioneered this model 2013, much before the Plastic Waste Management Rules of India were published in 2016, by partnering with leading NGOs and recyclers, while developing a strong financial support model that incentivized rag-pickers for collecting MLPs
Impacted companies have four options: (1) MLPs
consolidated on the books of a C-corp sponsor can make a limited adjustment to rates to reflect the reduction in the corporate tax rate from 35 percent to 21 percent.
Currently, the Fund's investment policy provides that at least 80% of its managed assets be invested in energy MLPs
. The name change and investment policy amendment should allow additional investment flexibility by permitting greater investments in midstream entities organized as C corporations.
shall remain independent with two separate general partners, both of which are to be owned by MPC.
International Business Times (http://www.ibtimes.com/political-capital/tax-bill-john-cornyns-fossil-fuel-provision-would-personally-enrich-republican) first reported that 16 federal lawmakers, 13 of whom are Republicans, collectively own up to $10.6 million in energy-related MLPs
. All 13 voted for the tax bill.
The SEC issued the information update to make clear that the new tax law will affect deferred tax assets and liabilities related to MLPs
and that funds investing in MLPs
should adjust their net asset values accordingly and disclose the adjustments to shareholders.
There is a growing literature on the economic and social impacts of MLPs
, (8) and a significant body of scholarship discussing medical practitioners' roles in spotting legal needs and referring their patients to the legal side of the MLP
"They do have a lot of MLPs
, and it's going to confuse the whole structure," Bloomberg Intelligence energy analyst Michael Kay said.
"We are positive on CPPL's exposure to the $8bn backlog of growth projects at Columbia OpCo, many of which are exposed to the high-growth Marcellus/Utica shale basins, but similar to TCP, we see limited distribution growth visibility beyond 2016 given TRP's current strategic review of its MLPs
," Durbin mentioned.
Simmons & Co International said in a note to investors that while MLPs
are ubiquitous among independent refiners, they had been focused on growth via receipt of assets from the refiner -- so-called "drop downs" from the refiner to the MLP