DEERFIELD, Ill. -- (Business Wire)
Terra Nitrogen Company, L.P. (TNCLP) (NYSE: TNH) today announced the
declaration of a cash distribution for the quarter ended December 31,
2012, of $3.63 per common limited partnership unit. The distribution is
payable February 28, 2013, to holders of record as of February 19, 2013.
TNCLP expects to report its fourth quarter and full year 2012 results on
Tuesday, February 19, 2013, after the market closes.
Cash distributions depend on TNCLP’s earnings, which can be affected by
nitrogen fertilizer selling prices, natural gas costs, seasonal demand
factors, production levels and weather, as well as cash requirements for
working capital needs and capital expenditures. Cash distributions per
limited partnership unit also vary based on increasing amounts allocable
to the General Partner when cumulative distributions exceed targeted
levels. With this distribution, TNCLP cumulative distributions continue
to exceed targeted levels.
This release serves as a qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b). Please note
that 100 percent of the Partnership's distributions to foreign investors
are attributable to income that is effectively connected with a United
States trade or business. Accordingly, the Partnership's distributions
to foreign investors are subject to federal income tax withholding at
the highest effective tax rate.
Terra Nitrogen Company, L.P. is a leading manufacturer of nitrogen
TNCLP is the sole limited partner of Terra Nitrogen, Limited Partnership
(TNLP), owner of the Verdigris, Oklahoma, manufacturing facility and
related assets. Terra Nitrogen GP Inc., an indirect, wholly-owned
subsidiary of CF Industries Holdings, Inc., is the General Partner of
TNCLP and exercises full control over all of TNCLP’s business affairs.
Terra Nitrogen Company, L.P. news announcements are also available on
CF Industries’ Web site, www.cfindustries.com.
Terra Nitrogen Company, L.P.
Investor Relations & Corporate Communications
Source: Terra Nitrogen Company, L.P.