Lexington, KY, April 21, 2014 (GLOBE NEWSWIRE) -- Rhino Resource Partners LP (NYSE: RNO) ("Rhino"
or the "Partnership") today announced a cash distribution of $0.445
per common unit, or $1.78 per unit on an annualized basis.
This distribution will be paid on May 15, 2014 to all common
unitholders of record as of the close of business on May 1, 2014
and no distribution will be paid on the subordinated units.
Rhino today also announced that it plans to
release its 2014 first quarter financial results on Thursday, May
1, 2014, before the market opens. In connection with the
earnings release, Rhino will host a conference call and webcast for
investors and analysts to discuss its results for the quarter on
Thursday, May 1, 2014, at 11:00 am (ET).
Participants should call 866-510-0707 (United
States/Canada) or 617-597-5376 (International) and utilize the
confirmation code 34059842. A telephonic replay will be available
for anyone unable to participate in the live call. To access the
replay, call 888-286-8010 (United States/Canada) or 617-801-6888
(International) and enter confirmation code 35406268. The recording
will be available from 2:00 pm (ET) on Thursday, May 1, 2014
through Thursday, May 8, 2014 at 11:59 p.m. (ET). A live broadcast
of the earnings conference call will also be available via the
Internet at www.rhinolp.com under 'Investor Relations'. The webcast
will be archived on the site for one year.
This press release is intended to be a qualified
notice under Treasury Regulation Section 1.1446-4(b). Brokers and
nominees should treat one hundred percent (100.0%) of Rhino's
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, Rhino's distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
About Rhino Resource Partners
Rhino Resource Partners LP is a growth-oriented
limited partnership. Rhino produces metallurgical and steam
coal in a variety of basins throughout the United States and it
leases coal through its Elk Horn subsidiary.
About Wexford Capital LP
Rhino's general partner, Rhino GP LLC, is an
affiliate of Wexford Capital LP ("Wexford"). Wexford is an
SEC registered investment advisor with over $4 billion of assets
under management. Wexford has particular expertise in the
energy/natural resources sector with actively managed investments
in coal, oil and gas exploration and production, energy services
and related sectors. Through Wexford's extensive portfolio of
energy, resource and related investments, it sees a broad flow of
potential new investment opportunities, many of which could be
suitable for Rhino. Although Wexford has no obligation to
provide such investment opportunities to Rhino, it has made
available several of these investments to Rhino and expects
to be in a position to continue to selectively source and
underwrite for Rhino new coal, energy and related investment
Additional information regarding Rhino and
Wexford is available on their respective web sites - RhinoLP.com
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CONTACT: Scott Morris
Rhino Resource Partners LP