Want a High Yield? Go with an MLP By RealMoney Guest Contributor About this article: This column was written by Douglas Skrypek, Managing Director and Chief Investment Officer of Parthian Capital. He is a specialist in investing in master limited partnerships, primarily midstream energy. With the markets being so volatile, and capital gains from long positions tougher to come by, more investors are now seeking yield income. One often overlooked option for these investors are master limited partnerships (MLPs). MLPs are attractive investments because they avoid the double taxation of the normal corporate structure. MLPs must distribute the bulk of their earnings on a quarterly basis to the limited partners -- in this case you -- in the form of cash distributions. The bulk of these distributions are tax deferred until the investment is sold or the cost basis reaches zero. MLP buyers are unitholders, rather than shareholders, so you have no proxy vote at an annual meeting. The MLP is managed... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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