What is a Master Limited Partnership (MLP)?

An MLP is a publicly traded partnership. The nature of a partnership provides for the "pass through" of income to its partners. This essentially avoids double taxation on profits often paid by corporations, which pay corporate income tax in addition to its shareholders paying taxes on dividends. Individual investors buy ownership interests, or units, in the partnership through a stock exchange similar to purchasing shares of stock in a corporation. Like other publicly-traded entities, CONE Midstream Partners LP files quarterly and annual financial statements with the Securities and Exchange Commission (SEC).

Where are CONE Midstream Partners units traded?

CONE Midstream Partners units are traded on the New York Stock Exchange under the ticker symbol CNNX

What are the tax implications of owning partnership units?

CONE Midstream Partners LP does not pay any federal income tax at the business entity level.  Our taxable income is distributed to our partners and each unitholder is required to report on their income tax return their share of our income, gains, losses and deductions without regard to whether corresponding cash distributions are received. Our unitholders receive an individualized Schedule K-1 during early March to advise of the income they are responsible for reporting on their individual income tax returns. The Schedule K-1s can also be viewed online.

It is the responsibility of each unitholder to investigate the legal and tax consequences under the law of pertinent states and localities of his investment in CONE Midstream Partners LP.  Please refer to our prospectus and other SEC filings for more information about the tax consequences of unit ownership.  We strongly recommend that you consult with your own tax advisor about how unit ownership may impact your personal tax circumstances.

Can MLPs be held in an IRA?

Although tax-exempt accounts, such as an IRA, may invest in MLP units, virtually all of the taxable income generated by a publicly traded partnership is considered to be unrelated business taxable income (UBTI). As such, this income is currently taxable not only to IRAs but also Keoghs and other qualified retirement plans to the extent it exceeds a $1,000 annual threshold. Please consult with your financial advisor.

Does CONE Midstream have a Direct Stock Purchase Plan (DSP)?

We do not have a direct stock purchase plan. CNNX units can be bought or sold through any registered securities dealer.

Does CONE Midstream have a Distribution Reinvestment Plan (DRIP)?

We do not have a distribution reinvestment plan. However, if your units are held in a brokerage account, your broker can typically arrange for your distributions to be automatically reinvested for you.

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