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Vanguard Natural Resources, LLC Message Board

  • mobettafred mobettafred Apr 11, 2013 5:27 PM Flag

    vnr switching to nasdaq

    HOUSTON--(BUSINESS WIRE)-- Vanguard Natural Resources, LLC (NYSE:VNR) ("Vanguard") announced today its intention to voluntarily transfer its stock exchange listing from the New York Stock Exchange ("NYSE") to The NASDAQ Global Select Market ("NASDAQ"), an exchange of The NASDAQ OMX Group Inc. (Nasdaq:NDAQ). Vanguard currently expects that its Class A common units will commence trading on the NASDAQ on April 23, 2013 and will continue to be listed under the ticker symbol "VNR." Vanguard's common units will continue to trade on the NYSE until the transfer has been completed.

    Scott W. Smith, President & Chief Executive Officer, commented, "After careful consideration, we believe the NASDAQ will provide our unitholders with access to an advanced trading platform and will be a more cost effective platform for Vanguard currently and even more so in the future as we continue to grow. In addition, NASDAQ offers quantitative and qualitative governance standards more beneficial to listed companies with significant retail unitholders, particularly those related to quorum requirements."

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