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Re: Scotttrader80 post# 47

Monday, 10/16/2017 8:45:43 PM

Monday, October 16, 2017 8:45:43 PM

Post# of 87
Let's hope their is some tax relief for MLPs coming S80!

Will MLPs Retain Tax Favored Status?
Tortoise thinks MLPs may qualify for proposed new lower rates for pass-through income.


http://www.barrons.com/articles/will-mlps-retain-tax-favored-status-1506991982

The tax status of master limited partnerships under President Trump's tax plan is still up in the air. But Tortoise Capital Advisors thinks MLPs will still retain tax benefits.

Tortoise portfolio manager Rob Thummel sums up in a podcast Monday:

While the details will be in the hands of the taxwriting committee, we still believe that MLPs will retain their favorable tax status. Based on the information released, we think MLP investors could benefit from the new tax framework as pass through income will be taxed at 25% compared to higher ordinary income tax rates today. Those are the highlights from last week.
Thummel was a source in a recent Barron's column explaining why these energy infrastructure investments started rising right about the time that Hurricane Harvey made landfall in Texas (See, "MLPs Stage a Surprise Comeback").

He told Barron's:

“MLPs have been on sale the entire year,” says Thummel, but he sees a near-term catalyst if OPEC extends production cuts. Two of his top holdings are Enterprise Products Partners (EPD), which has a 6.5% dividend yield and a track record of growing its dividend each year around 5%, and EQT Midstream Partners (EQM), a natural-gas name with a 5% yield that Thummel thinks can grow at double-digit levels.
The benchmark-tracking Alerian MLP ETF (AMLP) has rebounded from August lows as some value investors have swooped in.

Fear Uncertainty and Doubt FUD It Ain't Going To Work Here Anymore. Notice the lack of question mark.

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