Dear Clients!
In accordance with the new US law regarding Section 1446(f) of the Internal Revenue Code, gross proceeds from the sale and certain distributions of public partnerships (PTP) will be subject to withholding at the rate of 10%, starting from January 1, 2023.
Starting from December 29, trading in the specified shares will be blocked.
The current list may be incomplete. We will try to update and supplement the list in a timely manner as new information becomes available. We recommend that you research how the new conditions affect your trading strategy.
Additional information on IRC Sec. 1446(f) is available on the IRS website:
http://www.irs.gov/individuals/international-taxpayers/partnership-withholding
Please note that we are working closely with our clearing partners and U.S. tax advisors to understand the responsibilities of traders in the hope of resuming trading in these shares in the near future.
Thank you for your understanding.
PTP Withholding Symbols:
AB
AC
AIA
ALT
APO
ARLP
BAR
BDRY
BGH
BSM
CAPL
CCAP
CCLP
CEQP
CEQP.PR
CLMT
CQP
DCP
DCP.PRB
DCP.PRC
DKL
DMLP
EFSH
EPD
ESBA
ET
ET.PRC
ET. PRD
ET.PRE
FISK
FTAI
FTAIN
FTAIO
FTAIP
FUN
GBLI
GCC
GEL
GLP
GLP.PRA
GLP.PRB
GPP
GYRO
HEP
IEP
KKR
MMLP
MMP
MPLX
NEN
NGL
NGL.PRB
NGL.PRC
NRP
NS
NS.PRA
NS. PRB
NS.PRC
NSP
OAK.PRA
OAK.PRB
OGCP
OZ
PAA
RGP
SGH
SIRE
SMLP
SNMP
SPH
SPLP
SUN
UAN
USAC
USDP
WES
WLKP
GHI