Rentech Nitrogen Partners, L.P. (NYSE: RNF) announced today the declaration of a cash distribution of $0.85 per common unit for the third quarter of 2012. The distribution is payable on November 14, 2012 to holders of record as of November 7, 2012.
This will be the third cash distribution paid by Rentech Nitrogen since its initial public offering (IPO) in November 2011, and will result in cumulative cash distributions since the IPO of $3.08 per common unit. Of that amount, $2.55 relates to the twelve months ending December 31, 2012, and $0.53 relates to the period from the IPO through December 31, 2011.
Rentech Nitrogen reiterates its guidance of cash available for distribution in excess of $126 million or $3.30 per common unit for the twelve months ending December 31, 2012 (as described in its press release dated August 10, 2012).
As previously announced, the Partnership will hold a conference call to discuss financial results for the third quarter on Thursday, November 8, 2012 at 9:00 a.m. PST. Callers may listen to the live presentation, which will be followed by a question and answer segment, by dialing 800-404-5245 or 303-223-4363. An audio webcast of the call will be available at www.rentechnitrogen.com within the Investor Relations portion of the site under the Presentations section. A replay will be available by audio webcast and teleconference from 11:00 a.m. PST on November 8 through 11:00 a.m. PST on November 15. The replay teleconference will be available by dialing 800-633-8284 or 402-977-9140 and the reservation number 21607176.This release is intended to serve as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of Rentech Nitrogen’s distributions to foreign investors is attributable to income that is effectively connected with a United States trade or business. Accordingly, Rentech Nitrogen’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.