Non-Traditionals Take MLP Spotlight

摘要

During the past 10 years, investment trends and demonds have evolved dramatically. From 2005-2006, the distribution of many master limited partnerships (MLPs) reached the highest incentive distribution right (IDR) split level. As a result, investors were interested in becoming MLP general partner (GP) owners since GPs typically receive a higher percentage of incremental cash distributions as distributions to the limited partnerships increase. To quench investor demand, several MLP GPs went public during this time period.