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Incentive Distribution Rights ‘One Of The Best Wealth-Creation Mechanisms’

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By Chris Sheehan, Hart Energy
December 12, 2013

DENVER – More master limited partnerships (MLPs) are on the horizon, but selective investors should focus on vehicles offering incentive distribution rights (IDRs), which represent “one of the best wealth-creation mechanisms,” according to Ethan Bellamy, senior research analyst at Robert W. Baird & Co., speaking in Denver at a recent Energy Finance Discussion Group meeting.

Bellamy cited IDRs as contributing to much of the wealth of such well-known midstream figures as Kinder Morgan CEO Rich Kinder and the late Enterprise Products chairman Dan Duncan.

IDRs are the “the most compelling ...

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