MLP STRATEGY

A high yielding portfolio (with tax-deferred income) composed of primarily high-quality pipelines and energy facilities, with strong prospects for growth of distributions.

WHAT ARE MASTER LIMITED PARTNERSHIPS (MLPs)?

Utility-like companies with less restraint on growth than
conventional utilities.

Mainly midstream energy infrastructure assets that transport, process,
and store natural gas, crude oil, and refined petroleum products
(jet fuel, gasoline, or fuel oil).

Evolved from large energy companies transferring their mature physical assets (e.g. pipelines) that generate “quality income” to the more tax-efficient MLP structure.

Traded on national exchanges and may be bought or sold at anytime, just like stocks.