NRP redeems 35,834 Class A Preferred Units for $35.8M cash

NATURAL RESOURCE PARTNERS LP

Board elected to redeem 35,834 Class A Preferred Units after holder notice exercising conversion/redemption rights.
Redemption price of $35,834,000 equals liquidation value plus accrued and unpaid distributions.
Funded with cash on hand and borrowings under revolving credit facility; units retired on May 5, 2023.
After redemption, 166,667 Class A Preferred Units remain outstanding from original 250,000 issuance.

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