Master Limited Partnerships (MLPs)

24 Pages Posted: 7 Nov 2014

See all articles by Frank Benham

Frank Benham

Meketa Investment Group

Steven Hartt

Meketa Investment Group

Chris Tehranian

Meketa Investment Group

Edmund Walsh

Economic Data Sciences

Date Written: June 9, 2014

Abstract

MLPs are publicly listed partnerships that invest primarily in the energy sector. The market has grown substantially in the past several years and is expected to continue to grow as the U.S. energy infrastructure market requires billions of dollars of additional investment. MLPs tend to provide attractive current yield and offer the opportunity for price appreciation. However, MLPs are more complicated from tax, accounting, and administrative perspectives, and tax-exempt investors may be subject to tax liabilities from UBTI.

Keywords: MLP, master limited partnership

JEL Classification: G23

Suggested Citation

Benham, Frank and Hartt, Steven and Tehranian, Chris and Walsh, Edmund, Master Limited Partnerships (MLPs) (June 9, 2014). Available at SSRN: https://ssrn.com/abstract=2447661 or http://dx.doi.org/10.2139/ssrn.2447661

Frank Benham

Meketa Investment Group ( email )

100 Lowder Brook Drive, Suite 1100
Westwood, MA 02090
United States

HOME PAGE: http://www.meketagroup.com/

Steven Hartt (Contact Author)

Meketa Investment Group ( email )

100 Lowder Brook Drive, Suite 1100
Westwood, MA 02090
United States

Chris Tehranian

Meketa Investment Group ( email )

100 Lowder Brook Drive, Suite 1100
Westwood, MA 02090
United States

HOME PAGE: http://www.meketagroup.com

Edmund Walsh

Economic Data Sciences ( email )

1 Brunel Way
The Porter Building, Level 2
Slough, SL1 1FQ
United Kingdom
01753 396 581 (Phone)

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