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Terra Nitrogen Company to pay quarterly distribution to holders of record as of 18 February 2016.

M2 EQUITYBITES-February 9, 2016-Terra Nitrogen Company to pay quarterly distribution to holders of record as of 18 February 2016

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Nitrogen fertilizer manufacturer Terra Nitrogen Company (TNCLP) (NYSE:TNH) declared on Monday that it will pay a distribution of USD2.88 per common limited partnership unit for the quarter ended 31 December 2015.

This cash distribution is due on 29 February 2016 to holders of record as of 18 February 2016.

With this distribution, the company said its cumulative distributions continue to exceed targeted levels.

TNCLP is the sole limited partner of Terra Nitrogen Limited Partnership (TNLP), owner of the Verdigris, Oklahoma manufacturing facility and related assets.

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Publication:M2 EquityBites (EQB)
Date:Feb 9, 2016
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