What are Master Limited Partnerships ("MLPs")? An MLP is a publicly-traded partnership that receives preferential tax treatment if at least 90% of their gross income is considered to be "qualifying." Qualifying income is "income and gains derived from the exploration, development, mining or production, processing, refining, transportation (including pipelines transportation gas, oil, or similar products), or the marketing of any mineral or natural resource (including fertilizer, geothermal energy, and timber)." More simply put, MLPs provide investors with unique access to the development of energy and infrastructure in the United States.
Read Canterbury's white paper on Master Limited Partnerships