Summit Midstream Partners Advances Corporate Restructure, Schedules Vote For C-Corporation Conversion On July 18th
Portfolio Pulse from Benzinga Newsdesk
Summit Midstream Partners (SMLP) is advancing its corporate restructure and has scheduled a special meeting on July 18th for unitholder approval of its conversion to a C-Corporation. The company has filed an investor presentation outlining the benefits of this conversion for its unitholders.
June 17, 2024 | 11:08 am
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Summit Midstream Partners (SMLP) is moving forward with its corporate restructure, scheduling a special meeting on July 18th for unitholder approval of its conversion to a C-Corporation. The company has also filed an investor presentation detailing the benefits of this conversion for unitholders.
The conversion to a C-Corporation is a significant corporate action that could have positive implications for SMLP's unitholders, potentially leading to increased investor interest and a more favorable tax structure. The scheduled vote and the detailed investor presentation suggest a well-planned transition, which is likely to be viewed positively by the market.
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