When was ARLP's initial public offering (IPO)?
The Partnership completed its initial public offering as a publicly traded master limited partnership (MLP) on August 20, 1999. The IPO was for 7,750,000 Common Units representing limited partner interests in the Partnership at a price of $19.00 per unit.
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What is a master limited partnership?
MLPs are businesses that are taxed at the unitholder level and generally are not subject to federal or state income tax. Annual income, gains, losses, deductions or credits of the MLP pass through to its unitholders. Unitholders report their allocated shares of these amounts on their individual tax returns, as though the unitholder had incurred these items directly.
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What is a unitholder?
Unitholders are limited partners in the Partnership. They own units of the Partnership rather than shares of stock.
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Where do the units trade?
ARLP common units trade on the NASDAQ Global Select Market under the ticker 'ARLP.'
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Do partners receive dividends?
Partners receive cash distributions rather than dividends. Generally, the cash distributions paid to a partner are treated as a non-taxable return of capital as long as the unitholder’s tax basis remains above zero.
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When does ARLP make cash distributions?
ARLP currently anticipates that it will make cash distributions within 45 days after the end of each March, June, September and December to unitholders of record on the applicable dates. The Board of Directors considers changes to ARLP’s cash distribution to unitholders on a quarterly basis.
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What is the unitholder's Schedule K-1?
Similar to a Form 1099 received by corporate shareholders, Schedule K-1 provides unitholders with income tax information relevant to their ownership in the Partnership.
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How do I get a Schedule K-1?
Alliance typically mails Schedule K-1s to unitholders at the end of each February. You can also access Schedule K-1 information by clicking on the link for “ARLP K-1 Information” at the bottom of the home page on our website at ARLP.com. If you need assistance obtaining your K-1 please call (800) 485-6875.
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Who do I contact about my Schedule K-1 questions?
Alliance Resource Partners, L.P.
K-1 Support
P.O. Box 799060
Dallas, TX 75379-9060
Phone: (800) 485-6875
Fax: (866) 554-3842
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Are cash distributions reported as taxable income?
No. Only the amounts provided on your Schedule K-1 should be entered on your tax return.
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Does ARLP have a distribution reinvestment plan?
No, not at this time.
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Where are the partnership's offices?
The Partnership's headquarter office is located at 1717 South Boulder Avenue, Tulsa, OK 74119.
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Who do I notify about unitholder issues?
Requests regarding transfer of units, lost certificates, lost distribution check or changes of address should be directed to:
American Stock Transfer and Trust Company
Attn: Shareholder Services
59 Maiden Lane - Plaza Level
New York, NY 10038
Phone: 800-937-5449
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Does the Partnership meet the 10% exception under 1.1446(f)-4(b)(3)(ii) and where can I find qualified notices regarding withholding on distributions?
Alliance Resource Partners, LP is a publicly traded partnership pursuant to Internal Revenue Code Section 7704(b) and is taxed as a partnership for U.S. tax purposes. The Partnership states that the 10% exception does not apply, as determined under Treasury Regulation Section 1.1446(f)-4(b)(3)(ii). As a result, a foreign unitholder who sells ARLP’s units should expect their broker/custodian to withhold 10% of the amount realized upon such sale.
Brokers and nominees should treat one hundred percent (100.0%) of ARLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. See Treasury Regulation Section 1.1446(f)-4(b). Qualified notices related to distributions can be found here.
Also, foreign unitholders should expect their broker/custodian to withhold on distributions at the unitholder's highest applicable United States tax rate.
Who serves as ARLP's independent auditors?
Grant Thornton LLP
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