Natural Resource Partners LP redeems 47,499 Class A Preferred Units for ~$47.5M cash

NATURAL RESOURCE PARTNERS LP

Received notice from holders to convert/redeem 47,499 Class A Preferred Units; Board elected redemption.
Redemption price equals Liquidation Value of $47,499,000 plus accrued and unpaid distributions.
After redemption, 202,501 Class A Preferred Units remain outstanding (from 250,000 originally issued).
Redemption expected on or about Feb 8, 2023, funded by cash on hand and revolving credit facility.

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