Natural Resource Partners Announces Redemption of Paid-in-Kind Preferred Units and Declares Fourth Quarter 2021 Distributions

Author's Avatar
Feb 09, 2022

Natural Resource Partners L.P. (NYSE: NRP)today announced that it has redeemed at par all 19,321 of its paid-in-kind 12.0% Class A Convertible Preferred Units for $19.6 million in cash in accordance with their terms and including accrued interest. Following the redemption, no paid-in-kind preferred units remain outstanding and $250 million of 12.0% Class A Convertible Preferred Units remains outstanding.