VRLP - What does VRLP stand for? The Free Dictionary
References in periodicals archive
) common limited partners at the close of business on January 7, 2015 (the Record Date ) today received a distribution of one UE common share for every two Vornado common shares or VRLP
common limited partnership units held as of the Record Date.
Immediately prior to such distribution by Vornado, VRLP will distribute all of the outstanding UE common shares on a pro rata basis to the holders of its common limited partnership units, consisting of Vornado and the other common limited partners of VRLP.
However, cash received by Vornado common shareholders and VRLP common limited partnership units in lieu of fractional common shares of UE may be taxable to such holders.