GasLog Partners LP (“GLOP”) has elected to be treated as a C-Corporation for U.S. federal income tax purposes (our investors receive a Form 1099 and not a Schedule K-1)
Distributions to U.S. common unitholders and Series A Preference unitholders made by us generally will constitute dividends to the extent of our current and accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of our earnings and profits will be treated first as a nontaxable return of capital (“ROC”) to the extent of the U.S. unitholder’s tax basis and thereafter as capital gain.
Distributions received with respect to our units by a U.S. unitholder that is an individual, trust or estate generally will be treated as “qualified dividend income.” For more detailed tax commentary, please refer to our Annual Report on Form 20-F.
Unitholders are directed to consult their own tax advisors to determine the appropriate tax treatment with respect to the distributions.