Arc Logistic Partners LP (a New Master Limited Partnership)
By: Tim McPartland,
Ticker Symbol ARCX
Market Traded On NYSE
Minimum Quarterly Distribution .3875/share
Offering Price $19.00
Initial Yield 8.15%
The other new MLP was Arc Logistic Partners LP which is by sponsored Lightfoot Capital (a private equity firm). This MLP primarily operates terminals with storage for crude oil and refined products. They will pay a minimum quarterly distribution of 38.75 cents which they currently do not earn–like most new issues this one remains to be watched for the future.
The original offering documents are below.