Majuro, Marshall Islands, Dec. 19, 2022 (GLOBE NEWSWIRE) — GasLog Partners LP (“GasLog Partners” or the “Partnership”) (NYSE: GLOP), an international owner and operator of liquefied natural gas (“LNG”) carriers, today announced that the U.S. Treasury and Internal Revenue Service (“IRS”) final regulations that are coming into effect on January 1, 2023, will not affect its unitholders. These regulations oblige brokers, withholding agents and qualified intermediaries to withhold a 10% tax on a non-U.S. partner’s disposition of an interest in a publicly traded partnership that is taxed as a partnership for U.S. federal income tax purposes (“PTP”). As a result, certain non-U.S. brokers may not permit non-U.S. persons to hold such PTP interests in their brokerage account.
GasLog Partners has elected to be treated as a C corporation for U.S. federal income tax purposes and therefore interests in the Partnership are not subject to these regulations.
Contacts:
Robert Brinberg
Rose & Company
Phone: +1 212-517-0810
Email: gaslog@roseandco.com
About GasLog Partners
GasLog Partners is an owner and operator of LNG carriers. The Partnership’s fleet consists of 12 wholly-owned LNG carriers as well as two vessels on a bareboat charter, with an average carrying capacity of approximately 159,000 cbm. GasLog Partners is a publicly traded master limited partnership (NYSE: GLOP) but has elected to be treated as a C corporation for U.S. income tax purposes and therefore its investors receive an Internal Revenue Service Form 1099 with respect to any distributions declared and received. Visit GasLog Partners’ website at http://www.gaslogmlp.com.
