Rithm Capital Corp (RITM)

[jugs]

Excellent question!

Ordinarily, stocks are recognized as "shares." MLP's are designed as a relative of trusts and, as such, trade with a currency format all their own called "units." The "u" represents units.


The trust-like scheme operates with units and each unitholder is a participant referred to as a "partner.". Each of us gets his/her share of the profits equally, the final "distribution" multiplied by the number of units held. Dividends are for shareholders whereas distributions are the share of company gains to be distributed to partners. Partners are really joint owners.


Great question and MLPs can add substantial income to a retiree.

Hope this helps a bit!