IMO it will go down at least 15% on news he's sick and a total of 33% when he passes away. It will never again have returns like it's younger years. It is too big now. Will probably just match SP 500 going forward, except no dividends.
Perhaps, but worse than that, the dividend will be entirely taxable. The deferral bonus of an MLP will be lost.
EPD is an MLP. The new KMI is not an MLP. The huge tax advantage of the MLP structure will be gone for KMP. Lot's of people will sell this one out, including me.
Not sure why you even held an MLP in a "tax deferred" account since that is foolish. You will probably be hit with BIG UBTI in 2014 and you must pay tax on all of it this year.
It's much worse than LT cap gain for you. All those distributions were tax free and therefore will be recouped as ORDINARY income, not LT cap gains.
If he's closing KMP this means you are forced to show a sale of all your KMP. For those of you who were going to give it to your grand children, looks like you are out of luck. All that ordinary income is going to be taxed right now.
Stock dividend, not a stock split each quarter. Your broker holds the fractional shares and adds them to the next dividend rather than selling the fractional. At least that's what Merrill Lynch does for me.
I've held KMR for a year now. Today my holdings went positive. Celebration day, baby. Bot too many shares in the 80's, so continued to buy in the low 70's to average down. Paid off.
Hey moron, it's Dems and Republicans owning these MLP's. You should learn that.