Majuro, Marshall Islands, December 19, 2022 (World News) — GasLog Partners LP (GasLog Partners” or “Partnership”) (NYSE: GLOP), an international liquefied natural gas (“LNG”) operator, announced today that its shareholders will not be affected by the final regulations of the US Treasury and Internal Revenue Service (“IRS”) that effective January 1, 2023. . These rules require brokers, holders and qualified intermediaries to withhold a 10% tax on non-US partners’ receipts of publicly traded partnership interests that are taxed as partnerships. for US federal tax purposes (“PTP”). As a result, some non-US brokers may not allow non-US persons to maintain such PTP benefits in their brokerage accounts.
GasLog Partners has elected to be treated as a C corporation for US federal income tax purposes and therefore the partnership interest is not subject to these rules.
Rose & Company
Phone: +1 212-517-0810
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 bulk carriers, averaging approximately 159,000 cbm. GasLog Partners is a publicly traded limited partnership (NYSE: GLOP ) but has elected to be treated as a C corporation for U.S. income tax purposes and thus its employers receive Internal Form 1099 Revenue Service on all distributions declared and received. Visit the GasLog Partners website at http://www.gaslogmlp.com.