Terra Nitrogen Company, L.P. (TNCLP) (NYSE: TNH) announces the availability of 2009 K-1 tax schedules. TNCLP began sending tax packages to all unitholders through the U.S. Postal Service today and expects to complete this process by March 3, 2010. Unitholders may also access their information directly at https://www.taxpackagesupport.com/terra or from a link on the Terra Industries Web site at www.terraindustries.com (Investors—Terra Nitrogen Company, LP.—Schedule K-1). From the site, TNCLP unitholders can:
  • view and print their 2009 K-1 tax schedules,
  • automatically transfer data to individual tax forms and certain tax preparation software, and
  • request changes to their tax packages and ownership schedules.

Unitholders may direct questions regarding their K-1 tax schedules to TNCLP’s support center by phone at (877)692-6562.

About TNCLP

Terra Nitrogen Company, L.P. is a leading manufacturer of nitrogen fertilizer products.

Forward-Looking Statements

Certain statements in this communication may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date they were made and TNCLP undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Words such as “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” and similar expressions are used to identify these forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks, uncertainties and assumptions include, among others:
  • changes in financial and capital markets,
  • general economic conditions within the agricultural industry,
  • competitive factors and price changes (principally, sales prices of nitrogen products and natural gas costs),
  • changes in product mix,
  • changes in the seasonality of demand patterns,
  • changes in weather conditions,
  • changes in environmental and other government regulations, and
  • changes in agricultural regulations and
  • changes in the securities trading markets.

Additional information as to these factors can be found in TNCLP’s 2008 Annual Report/10-K and in TNCLP’s subsequent Quarterly Reports on Form 10-Q, in each case in the sections entitled “Business,” “Risk Factors,” “Legal Proceedings,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in the Notes to the consolidated financial statements.