Thursday, April 26, 2012 10:21:42 PM
Exceeds Distribution Guidance for 12 Months Ended March 31, 2012
SUGAR LAND, Texas, April 26, 2012 /PRNewswire/ -- CVR Partners, LP (NYSE: UAN), a master limited partnership and manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today declared a cash distribution of 52.3 cents per common unit for the first quarter of 2012.
The distribution as set by the board of CVR GP, LLC, the general partner of CVR Partners, will be paid May 15, 2012, to unit holders of record on May 8, 2012.
This will be the fourth cash distribution paid by the partnership since its IPO in April 2011, and will result in cumulative cash distributions paid of $2.09 per common unit. This exceeds the company's previous distribution guidance range of $2.00 to $2.05 per common unit for the 12 months ended March 31, 2012, and represents a 9 percent increase over its original distribution guidance of $1.92 per common unit for the same period.
http://www.prnewswire.com/news-releases/cvr-partners-declares-2012-first-quarter-distribution-of-523-cents-149123115.html
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