Master Limited Partnerships
Time-Tested, Academic, Tax-Efficient
Master Limited Partnerships (MLPs) are exchange-traded securities that own and manage the commercial utility (exploration, development, transportation, refinement) of natural resources such as minerals, timber, crude oil, coal, petroleum products, natural gas, and natural gas liquids (including propane). Created in the 1980s, MLPs—and their tax-advantaged structures—were formed by the U.S. government as a means to encourage investment in United States energy infrastructure.
As energy needs continue to rise, we feel MLPs are well-positioned to profit as they meet those increasing consumption needs, while MLP investors—who are considered limited partners of MLPs—are expected to receive regular and generous distribution payments (depending on each MLP). Typically, the taxable income derived from MLPs has tax advantages. Our MLP management approach is customized according to each client’s risk profile, and we are committed to providing clear, experience-based, and objective MLP investment advice. YCC does not provide tax or legal advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.