NRP repurchases 35K Class A Preferred Units from Blackstone for $35M; Blackstone loses director rights

NATURAL RESOURCE PARTNERS LP

Repurchased 35,000 Class A Preferred Units from Blackstone for $35M cash plus accrued and unpaid distributions.
After retirement, 86,667 preferred units remain outstanding of the original 250,000 issued.
Blackstone's holdings drop below threshold, ending its right to designate a director or board observer.
Alex Greene (Blackstone's designee) stays on board until resignation or removal; receives no fees from NRP.

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