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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!

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From: Elroy3/18/2024 3:05:00 PM
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I received a K-1 for NGL-C (the series C preferred stock) that I held in my Roth account.

It throws off zero MLP -style interesting income. All the boxes are zero. The only thing on the K-1 is the amount of USD I bought last year in NGL-C.

It didn't pay a distribution in 2023, so perhaps that has something to do with it. But I suspect each year the preferreds will be treated for taxes like regular company preferred stock and not MLP preferred stock.

But ya never know!

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Before the end of March NGL is supposed to sell some assets and soon after pay the second hald of the arrearage. Perhaps that news comes out in March, lets see.
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