• Michael Blum: ABCs of MLPs

    Interested in long-term, high-yield investment plays with certain deferred tax advantages? Master limited partnerships (MLPs) may be for you. Even through the recent downturn, most MLPs were able to maintain distributions and fund capital projects-especially investment-grade names. MLP units are traded on public exchanges just like corporate stock. The difference, says Wells Fargo Senior Energy MLP Analyst Michael Blum, is that MLPs are structured as partnerships. In this exclusive interview...