Dominion Midstream Partners, L.P. (NYSE:DM), a holder of natural gas storage, processing and transportation assets, was a contributor in the quarter. The company acquired assets of Questar pipeline during the quarter, which was highly accretive to unit holders. The announced deal also removed the overhang of an equity offering that was also concluded during the quarter. We believe the company still has a large pipeline of future drop downs, and we remain comfortable with management’s 22% distribution growth guidance.
From Baron Discovery Fund's fourth quarter 2016 commentary.
