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Kayne Anderson MLP Investment C Message Board

  • jimmiller735 jimmiller735 Aug 11, 2014 7:28 PM Flag

    Tax hit from MLP reorg?

    The WSJ is reporting that MLP investors are going to suffer a tax hit from the KMI reorganization. Will this flow through to the KYN investors?

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    • been_there_done_that_twice been_there_done_that_twice Aug 17, 2014 12:45 PM Flag

      Not the full hit that KMP holders are getting. From the latest pre-reorg 5/31/14 semi-annual report, KYN had 4.8% of its portfolio in KMR, 2.45% in EPB, and 2.10% in KMP

      So the KMR and EPB convert smoothly, KMP has the cash kicker.

      Other considerations -
      Are there offsetting tax losses?
      Since KMI is not an MLP, will KYN sell KMI or have they already sold KMP, KMR, and/or EPB? The 8/31 report will be interesting to see.

      Description No. of Shares/Units Value
      Kinder Morgan Management, LLC(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,892 352,536
      El Paso Pipeline Partners, L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,288 181,058
      Kinder Morgan Energy Partners, LP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,044 155,414

      Top Ten: Holding Sector May 31, 2014

      1. Enterprise Products Partners L.P. Midstream MLP 9.4%
      2. Regency Energy Partners LP(1) Midstream MLP 5.7
      3. Williams Partners L.P. Midstream MLP 5.4
      4. Plains All American Pipeline, L.P. Midstream MLP 5.4
      5. Energy Transfer Partners, L.P. Midstream MLP 5.2
      6. MarkWest Energy Partners, L.P. Midstream MLP 4.9

      7. Kinder Morgan Management, LLC Midstream MLP 4.8

      8. DCP Midstream Partners, LP Midstream MLP 4.5
      9. ONEOK Partners, L.P. Midstream MLP 4.1
      10. Magellan Midstream Partners, L.P. Midstream MLP 3.3

 
KYN
40.09-0.21(-0.52%)Sep 15 4:01 PMEDT

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