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Article: Natural Resource Partners L.P. Declares Initial Quarterly Distribution And Names Robert T. Blakely to Board of Directors.
- Article from:
- PR Newswire
- Article date:
- January 22, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Board of Directors of GP Natural Resource Partners LLC, general partner of Natural Resource Partners L.P. , declared an initial prorated cash distribution of $0.4234 per unit payable on February 14, 2003 to both common and subordinated unitholders of record on February 3, 2003.
This distribution is equivalent to a full quarter minimum distribution of $0.5125 prorated for the period from October 17, 2002, the date of closing of the initial public offering of common units, through December 31, 2002, the end of the quarter. This distribution equates to an annualized distribution of $2.05 per unit.
Natural Resource Partners L.P. also announced today that ...