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ALERIAN MLP ETF DECLARES THIRD QUARTER DISTRIBUTION OF $0.94
Prnewswire· 2024-08-08 13:30
DENVER, Aug. 8, 2024 /PRNewswire/ -- The Alerian MLP ETF (NYSE Arca: AMLP) declared its third quarter 2024 distribution of $0.94 on Wednesday, August 7, 2024. The dividend is payable on August 13, 2024 to shareholders of record on August 8, 2024. AMLP Distributions: Ex-Date: Thursday, August 8, 2024 Record Date: Thursday, August 8, 2024 Payable Date: Tuesday, August 13, 2024 ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian Energy Infrastructure ETF and the ALPS | Alerian En ...
If I Could Only Hold 1 MLP, REIT, And BDC For The Next Decade
Seeking Alpha· 2024-07-23 12:05
DNY59 My MLP Pick returns with quite low risk and very attractive tax-advantaged income over the next decade. For my REIT, this choice is a bit more difficult as there are some blue-chip stocks out there with phenomenal long-term track records such as Realty Income (O), but I would probably go with Mid-America Apartment Communities (MAA) today. While I do not even own this REIT at the moment as there are some other REITs I think are more opportunistic over the next three to five years and I hold a much more ...
Millennial Announces Closing of Second Tranche of Private Placement for Additional Proceeds of $512,500
Newsfile· 2024-07-15 20:30
. . July 15, 2024 4:30 PM EDT | Source: Millennial Potash Corp. The second tranche of the Private Placement was for a total of 2,050,000 units (the "Units") at a price of $0.25 per unit for proceeds of $512,500. Each Unit consisted of one common share and one-half share purchase warrant. Each of the 1,025,000 whole share purchase warrants are exercisable for a period of two years from the date of issuance at a price of $0.35 per share. The Shares, including shares underlying the finders' warrants, are subje ...
Western Midstream: This 9%-Yielding MLP May Be Worth Buying Now
Seeking Alpha· 2024-06-20 20:07
A shot of a pipeline construction site. VladKol Anybody remotely familiar with the concept of passive income probably knows many of the more popular quotes on the subject from investing legends. They've probably even read them in articles here on Seeking Alpha numerous times. Still, I would contend that some quotes are so filled with breathtaking wisdom that they are worth repeating. So, for the sake of this article, I'll start with one of my favorites: If you don't find a way to make money while you sleep, ...
Millennial Announces Closing of First Tranche of Private Placement for Proceeds of $1,481,000
Newsfile· 2024-06-18 20:31
. West Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has closed the first tranche of its private placement (the "Private Placement"). The Shares are subject to a four month hold period expiring on October 19, 2024. "Farhad Abasov" Chair of the Board of Directors . June 18, 2024 4:31 PM EDT | Source: Millennial Potash Corp. Commissions on the Private Placement ...
3 Refining & Marketing MLP Stocks That Are Worth a Look
ZACKS· 2024-06-14 13:00
In recent quarters, fuel margins for companies in the Zacks Oil and Gas - Refining & Marketing MLP industry have generally declined, falling well below the exceptional profitability achieved in 2022. While robust consumption and light product inventories should continue to support the sector, most operators see a subdued margin environment for the rest of 2024. Additionally, rising costs due to persistent inflation are eroding profits. Nevertheless, the defensive nature of these stocks and their fee-based b ...
Millennial Potash Files Preliminary Economic Assessment Technical Report for its Banio Potash Project
Newsfile· 2024-06-06 12:00
. June 06, 2024 8:00 AM EDT | Source: Millennial Potash Corp. The information in this news release has been reviewed and approved by Liz de Klerk of Micon and Peter J. MacLean, Ph.D., P. Geo, Director of the Company, and both are Qualified Persons as that term is defined in National Instrument 43-101. MILLENNIAL POTASH CORP. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or ac ...
First Trust MLP CEF Merger Closes, Now EIPI ETF
seekingalpha.com· 2024-05-21 12:00
Core Viewpoint - The merger of several First Trust closed-end funds into the FT Energy Income Partners Enhanced Income ETF (EIPI) was completed on May 6, 2024, driven by activist investor Saba Capital, resulting in a shift from closed-end funds to an ETF structure, which provides liquidity but also allows for rapid capital outflows [1][3][4]. Group 1: Merger Details - The merger involved the First Trust Energy Income and Growth Fund (FEN), First Trust MLP and Energy Income Fund (FEI), First Trust New Opportunities MLP & Energy Fund (FPL), and First Trust Energy Infrastructure Fund (FIF) [1]. - The assets and liabilities of the Target Funds were acquired in tax-free transactions, with shares converted to newly-issued shares of EIPI based on the net asset values as of May 3, 2024 [2]. - The exchange ratios for the conversion of shares were specified, with FEN at 0.880285, FEI at 0.541658, FPL at 0.428077, and FIF at 1 [5]. Group 2: Impact on Shareholders - The conversion to an ETF structure allowed CEF shareholders to access liquidity at net asset value (NAV), as the CEFs had previously traded at a -10% discount [4]. - Following the merger, EIPI experienced a rapid loss of approximately 15% of its assets under management (AUM), equating to around $200 million, as former CEF holders cashed out [4]. - The ETF structure is expected to reduce significant premium/discount variations that were characteristic of the former CEFs [13]. Group 3: Fund Management and Strategy - EIPI's top holdings include major companies such as Enterprise Products Partners (8.20%), Energy Transfer (5.94%), and ONEOK (5.03%), reflecting a focus on oil, gas, and consumable fuels [10]. - EIPI employs an options income strategy aimed at enhancing returns in flat or declining markets while sacrificing some upside in strongly advancing markets [11]. - The ETF has declared a monthly distribution of $0.125, which annualized represents a distribution yield of 7.93% [12]. Group 4: Future Outlook - EIPI charges an expense ratio of 1.10%, which is a consideration for potential investors [15]. - The merger signifies a strategic shift for First Trust, indicating a potential withdrawal from the closed-end fund business as other CEFs are also being folded into different brands [6].
ALERIAN MLP ETF TAX UPDATE
prnewswire.com· 2024-05-16 00:44
DENVER, May 15, 2024 /PRNewswire/ -- Alerian MLP ETF (the "Fund" or "AMLP") has modified the estimate of the Fund's deferred tax liability based on information reported by the Master Limited Partnerships (MLPs) and recorded an additional tax accrual of approximately $32.1 million (approximately $0.18 per share) into the net asset value (NAV) of the Fund on May 16, 2024. As part of the additional tax accrual, the Fund's deferred tax liability (DTL) has increased due to tax reporting received from the underly ...
Maui Land & Pineapple pany(MLP) - 2024 Q1 - Quarterly Results
2024-05-13 20:51
Exhibit 99.1 Maui Land & Pineapple Company Reports Fiscal 2024 First Quarter Results Annual Meeting and Shareholder Presentation to be held virtually on May 15, 2024 at 10:00 a.m. HST KAPALUA, Hawai'i / May 13, 2024 (BusinessWire) – Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the three month period ended March 31, 2024. The company's annual meeting and shareholder presentation will be held virtually on May 15, 2024 at 10:00 a.m. Hawaii Standard Time, via meeting ...