Are these, the .annual distro of $.40 equals a 4X coverage...so they say. The distro was $2.13. So $1.60 is the BEST they could pay IF they turn things around. With so many quality MLP's out there, why take less than 3% from a underperforming mess like this? Learn from the propane and coal MLP's...buy something else.
Btw, while I haven't owned this since Merrill put a sale on it, in 9 trades of bwp I was lucky to make money each time in the past...so I'm not bashing just for the heck of it. IF they fix it, I'll be back in. Good investing.