Sat, Jan 31, 2015, 12:45 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Enbridge Energy Partners, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • mumbleypeg1 mumbleypeg1 Apr 22, 2011 2:12 PM Flag

    Distribution Question

    I believe bunnymoney is referring to IDR's as Incentive Distribution Rights which is $ going to the General Partner. I don't know what % the G.P. currently receives but it caps at 50% of Distributive Cash Flow or DCF. It is based on a longevity scale which increases the % with time. If I have it right. Although, it may have to do with share price increasing % of IDR, as bunny suggests. In either case, I'm sure they ain't going to reduce their piece of the pie!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes, "incentive distribution rights" based on increasing distributions per share by the GP to the partners. When certain goals are met, such as $1/share, the GP gets to keep the originally agreed upon %.

      It would seem the distribution would be cut in half by the split and therefor the IDRs might be less. I have not yet been able to locate the partnership agreement with IDR info. I would guess somewhere in the fine print are exceptions that relate to splits and maybe other events.

39.36+0.52(+1.34%)Jan 30 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
FMC Corp.
NYSEFri, Jan 30, 2015 4:04 PM EST
Bunge Limited
NYSEFri, Jan 30, 2015 4:03 PM EST