GasLog Partners LP Announces that Unitholders Remain Unaffected by U.S. Internal Revenue Service Regulations Effective January 1, 2023
December 19 2022 - 3:30PM
GasLog Partners LP (“GasLog Partners” or the “Partnership”)
(NYSE: GLOP), an international owner and operator of liquefied
natural gas (“LNG”) carriers, today announced that the U.S.
Treasury and Internal Revenue Service (“IRS”) final regulations
that are coming into effect on January 1, 2023, will not affect its
unitholders. These regulations oblige brokers, withholding agents
and qualified intermediaries to withhold a 10% tax on a non-U.S.
partner’s disposition of an interest in a publicly traded
partnership that is taxed as a partnership for U.S. federal income
tax purposes (“PTP”). As a result, certain non-U.S. brokers may not
permit non-U.S. persons to hold such PTP interests in their
brokerage account.
GasLog Partners has elected to be treated as a C corporation for
U.S. federal income tax purposes and therefore interests in the
Partnership are not subject to these regulations.
Contacts:
Robert BrinbergRose & CompanyPhone: +1 212-517-0810
Email: gaslog@roseandco.com
About GasLog Partners
GasLog Partners is an owner and operator of LNG carriers. The
Partnership’s fleet consists of 12 wholly-owned LNG carriers as
well as two vessels on a bareboat charter, with an average carrying
capacity of approximately 159,000 cbm. GasLog Partners is a
publicly traded master limited partnership (NYSE: GLOP) but has
elected to be treated as a C corporation for U.S. income tax
purposes and therefore its investors receive an Internal Revenue
Service Form 1099 with respect to any distributions declared and
received. Visit GasLog Partners’ website at
http://www.gaslogmlp.com.
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