Investing in energy Master Limited Partnerships (MLPs) can provide an array of compelling characteristics...just look at the sector's performance compared to broader equity markets and other asset classes, its distribution record, and the liquidity and flexibility of public trading (see Figures MLP 1-3).
Now you can tap into the MLP asset class with the convenience of a mutual fund...1099 tax reporting, no K-1s or UBTI, and daily liquidity at NAV.
As you explore the opportunity to capitalize on the potential role that MLPs can play, we hope you will call upon the expertise of those who have been immersed in the sector from its earliest days. The portfolio managers of Chickasaw Capital Management — advisor of the MainGate MLP Fund — have spent an average of 22+ years within the MLP sector...we believe this makes us one of the most experienced MLP investment teams in the U.S.
Learn more about putting our experience and expertise to work for you and your institution.
Due to the Fund’s "C" corporation tax structure, shareholders receive a 1099 DIV statement that reflects income received and Return of Capital associated with quarterly distributions for the year. There will be no capital gains reflected on the 1099.
Potential capital gain/loss activity from the Fund’s investment portfolio is handled at the Fund level and does not flow to the Fund shareholder via their 1099.