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The New MLP Landscape

MarkMark
edited February 2013 in Off-Topic
If the link doesn't take you to the Barrons article just google "The new MLP landscape"

http://online.barrons.com/article/SB50001424052748704103204578314250446774898.html?mod=TWM_pastedition_1#articleTabs_article=1

Comments

  • CaryRaleigh
    What does people hold in the MLP area?

    I recently(last quater of 2012) started investing in MLP and have KYN, CEM and NTG cef . Also have KMR/KMI, EEQ and LNCO. All investment are in taxable accounts.
  • Hiyield007Hiyield007
    edited February 2013
    Reply to @CaryRaleigh: I have been trying to shake up my account and become less dependent on PONDX and have added some size recently in GASFX - a sort of MLP "lite" fund. I had looked at some actual MLP open end funds but felt more comfortable with GASFX. I was glad to see it was also in bee's arsenal as bee is one of the best at sniffing out funds in my favorite pattern - tight rising channels.
  • scott
    edited February 2013
    Reply to @CaryRaleigh: Own KMR, BIP.

    I'll note that Enbridge also has a Canadian-listed "MLP-like" spin-off, Enbridge Income Fund (EBGUF.PK in the US), which pays monthly divs.
  • MarkMark
    Reply to @CaryRaleigh: KMI. EPD, RGP, and NGLS.
  • TSP_TransferTSP_Transfer
    Lots of options for this investment.But watch the tax ramifications.(mostly extra paper work) I have read that in retirement accts, up to $1000.00 in dividends/return of capital will not involve additional paper work or other red flags??. I own GYLD which has about a 20% MLP exposure amongst world wide dividend opportunities.http://www.arrowshares.com/default.aspx?act=fund.aspx&productID=1 I would also take a look at INF a closed-end fund managed by Brookfield Investment Management.http://www.brookfieldim.com/_Global/49/img/content/Q4 2012 INF.pdf
    https://www.fidelity.com/viewpoints/investing-ideas/mlp-interest-growing
  • MarkMark
    Reply to @TSP_Transfer: Not quite. Up to $1000 of UTBI can be earned without tax complications but that's a different source of income than dividends, capital gains or return of capital.
  • CaryRaleigh
    Reply to @scott: Couldn't find more about EBGUF.PK. Is there an advantage with investing in EBGUF.PK compared to EEQ?

    My choice of EEQ (and others like KMR and LNCO) is to avoid K-1/tax paper work.
  • TSP_TransferTSP_Transfer
    Reply to @Mark: Thank you for the input Mark.Here is a link that I and others can use for a more detailed review of MLP's in retirement accts.http://www.naptp.org/PTP101/MLPs_Retirement_Accounts.htm
  • scott
    edited February 2013
    Reply to @CaryRaleigh: You are hit with withholding (I believe 15% - foreign income, although I'm guessing you may be able to get that back at tax time. Yields over 5%, pays monthly and is a mix of pipeline, energy infrastructure (owns crude oil storage caverns and terminal) and owns "green" assets (solar, wind and waste heat recovery.) No advantage really, just another option from Enbridge, but offers a mix of things vs just pipelines. Canadian listed foreign ordinary shares in the US, so is effected by moves in the Canadian currency.

    Edited to add - almost forgot: http://www.enbridgeincomefund.com/
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