Ciner Resources LP (NYSE:CINR) announced that the board of directors of its general partner approved today its quarterly distribution. The quarterly distribution of $0.5670 for the third quarter of 2016 is payable on November 11, 2016, to unit holders of record on October 28, 2016.
In addition, on October 17, 2016, the board also confirmed and approved that, upon payment of the quarterly distribution for the third quarter of 2016, the conditions for conversion of the Partnership’s subordinated units will be satisfied. Accordingly, effective on November 14, 2016, the Partnership’s 9,775,500 subordinated units will convert on a one-for-one basis into common units.
ABOUT CINER RESOURCES LP
Ciner Resources LP, a master limited partnership, operates the trona ore mining and soda ash production business of Ciner Wyoming LLC, (“Ciner Wyoming”), one of the largest and lowest cost producers of natural soda ash in the world, serving a global market from its facility in the Green River Basin of Wyoming. The facility has been in operation for more than 50 years.
