A MLP is a limited partnership whose units are available to investors via publicly traded exchanges. MLPs are not subject to federal taxation at the entity-level. Instead, each unitholder will take into account its respective share of all income, gain, loss and deductions in computing its individual tax return. Thus, MLPs provide access to liquidity through capital markets while maintaining tax benefits from being a limited partnership.
Mid-Con Energy Partners will make quarterly cash distributions within 45 days after the end of each quarter at an initial quarterly distribution rate of $0.475 per common unit ($1.90 annualized), to the extent there is sufficient cash available for such distribution.
Please note that the initial quarterly distribution will be prorated for the period from the closing of the initial public offering through December, 31, 2011.
Before any conference call or presentation, Mid-Con Energy Partners will issue a press release with all necessary event information. This would include the date and time of the event, conference dial-in number and passcode, as wells as a replay dial-in number and passcode. Most recent press releases are available in the Investor Relations section of our website.