Black Stone Minerals, L.P. Completes Conversion of Subordinated Units into Common Units
25 5월 2019 - 5:30AM
Business Wire
Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,”
“BSM,” or “the Partnership”) announces that the Partnership’s
subordinated units automatically converted into common units on a
one-for-one basis earlier today with the expiration of the
Subordination Period (as defined in Black Stone Minerals’ First
Amended and Restated Agreement of Limited Partnership, as amended).
Accordingly, the Partnership issued instructions today to American
Stock Transfer & Trust Company (“AST”), the Partnership’s
transfer agent, to cancel outstanding subordinated units and to
issue an equal number of common units into common unit accounts at
AST. After AST has completed the issuance, unitholders wishing to
move their units to a brokerage account who have properly executed
a Non-Affiliate Representation Letter (the “NARL”) may instruct
their broker to move their common units out of AST. For unitholders
with units at AST who have not completed the NARL, a copy is
available in the “Investors” section of Black Stone Minerals’
website (www.blackstoneminerals.com) under “Frequently Asked
Questions – ‘Can I transfer my units to my brokerage account?’”
About Black Stone Minerals, L.P.
Black Stone Minerals is one of the largest owners of oil and
natural gas mineral interests in the United States. The Partnership
owns mineral interests and royalty interests in 41 states in the
continental United States. The Partnership expects that its large,
diversified asset base and long-lived, non-cost-bearing mineral and
royalty interests will result in production and reserve growth, as
well as increasing quarterly distributions to its unitholders.
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version on businesswire.com: https://www.businesswire.com/news/home/20190524005391/en/
Brent CollinsVice President, Investor RelationsTelephone: (713)
445-3200investorrelations@blackstoneminerals.com
Black Stone Minerals (NYSE:BSM)
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