07.29
Business Wire, July 28, 2010
DEERFIELD, Ill. — Terra Nitrogen Company, L.P. (TNCLP) (NYSE: TNH) today declared a cash
distribution for the quarter ended June 30, 2010, of $2.36 per common
limited partnership unit payable August 25, 2010, to holders of record
as of August 10, 2010.
Cash distributions depend on TNCLP’s earnings, which can be affected by
nitrogen selling prices, natural gas costs, seasonal demand factors,
production levels and weather, as well as cash requirements for working
capital needs and capital expenditures. Cash distributions per limited
partnership unit also vary based on increasing amounts allocable to the
General Partner when cumulative distributions exceed targeted levels.
With this distribution, TNCLP cumulative distributions exceed targeted
levels.
TNCLP will report full second quarter 2010 results on August 5, 2010.
About TNCLP
Terra Nitrogen Company, L.P. is a leading manufacturer of nitrogen
fertilizer products.
TNCLP Distributions
This release serves a qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b). Please note
that 100 percent of the Partnership’s distributions to foreign investors
are attributable to income that is effectively connected with a United
States trade or business. Accordingly, the Partnership’s distributions
to foreign investors are subject to federal income tax withholding at
the highest effective tax rate.
Forward-Looking Statements
Certain statements in this communication may constitute
“forward-looking” statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
based upon assumptions as to future events that may not prove to be
accurate. Actual outcomes and results may differ materially from what is
expressed or forecasted in these forward-looking statements. As a
result, these statements speak only as of the date they were made and
TNCLP undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as otherwise required by law.
Words such as “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates,” and similar expressions are used to identify these
forward-looking statements
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