Westmoreland Resource Partners, LP Reports Third Quarter 2017 Distribution
28 October 2017 - 7:15AM
Westmoreland Resources GP, LLC, general partner of Westmoreland
Resource Partners, LP (NYSE:WMLP)(“WMLP”), declared a cash
distribution for all unitholders and warrant holders of $0.1155 per
unit for the quarter ended September 30, 2017. This distribution,
combined with distributions made previously, exhausts the $15
million restricted distribution limitation under WMLP’s senior debt
agreements. Additionally, the Board declared a distribution of
Series A Convertible units to be issued in lieu of a $0.1155 cash
distribution to holders of Series A Convertible units. The
distribution will be paid on November 14, 2017 to all unitholders
and warrant holders of record as of the close of business on
November 7, 2017.
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100.0%) of WMLP’s distributions
to non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, WMLP’s distributions to non-U.S. investors are subject
to federal income tax withholding at the highest applicable
effective tax rate.
About Westmoreland Resource Partners, LP
Westmoreland Resource Partners, LP is a low-cost producer of
high-value thermal coal. It markets its coal primarily to large
electric utilities with coal-fired, base-load scrubbed power plants
under long-term coal sales contracts. For more information about
Westmoreland Resource Partners, LP (NYSE:WMLP), please visit
www.westmorelandmlp.com. Unitholders may request a hard copy of the
Partnership’s Annual Report on Form 10-K free of charge, which is
also routinely posted on and accessible at www.westmorelandmlp.com.
The Partnership’s most recent Annual Report was filed March 16,
2017.
For further information please contact
Nathan TroupInterim-Chief Financial OfficerWestmoreland Resource
Partners, LP1-720-354-4531NTroup@westmoreland.com