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Crestwood Midstream Partners LP Message Board

  • lizahuang54321 lizahuang54321 May 6, 2013 7:07 PM Flag

    $1.03 cash payment

    "Additionally, all Crestwood Midstream public unitholders other than Crestwood Holdings will receive a one-time cash payment at closing of the merger of approximately $35 million in the aggregate, or $1.03 per unit,"

    Does anyone know what form this payment is likely to take?
    Will it be a special distribution (line 19 on the K-1) and therefore not taxed but lowering the cost basis?

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    • Distributions are generally not taxable themselves in the partnership arena, unless you have a negative tax basis. Your prorata share of the partnership taxable income is taxable, generally not the distributions themselves. I would not expect an additional distribution to be taxable.

      While clearly I paid too much for my CMLP at $25.59, what about those people who paid in the $25-$29 range over the last year? I just don't see how this is such a good deal.