You must own the shares on the x date when dividend is declared to receive it. Just asking that question tells me that this is not for you. I am not trying to be insulting, but this MLP will throw off phantom income this year and next that is taxable to you even if you get NO distribution (this is NOT a Dividend). What will happen is that when distributions resume, the common unit holders will be entitled to ALL distributions paid until all arrearages are made up to the $1.45 MRD level, then subordinated holders will start to be paid again. This protects common holders to a certain extent, though without Nat gas prices and volumes rising, this will be an extend period on little or no distribution as the company currently expects. On the upside, the debt will be greatly reduced in the meantime and equity value will rise so in the future, there will be even more money available to pay the dividend since there will be about $150,000,000 less debt to service. This would save perhaps 6-9 Million a year.