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Stock Market & Financial Investment News

News Breaks
February 13, 2013
17:08 EDTNRPNatural Resource Partners reports Q4 EPS 56c, consensus 41c
Reports Q4 revenue $102.4M, consensus $87.52M.
News For NRP From The Last 14 Days
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January 27, 2016
08:08 EDTNRPNatural Resource Partners announces 1-for-10 reverse unit split
Natural Resource has approved a 1-for-10 reverse unit split on its common units, effective after the market closes on February 17. The common units will begin trading on a split-adjusted basis on February 18. Pursuant to the reverse unit split, common unitholders will receive one common unit for every 10 common units owned at the close of business on February 17. NRP's common unit count will be reduced from approximately 122.3 million outstanding common units to approximately 12.2 million outstanding common units post-split. The announced distribution of 4.5c per common unit for 4Q15 will not be impacted by the reverse unit split, as the distribution will be paid in advance of the effective date of the reverse unit split. NRP's common units will continue to trade on the New York Stock Exchange under the symbol "NRP" but will trade under a new CUSIP. The reverse split is intended to increase the market price per unit of NRP's common units to allow NRP to maintain its NYSE listing.

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