received many inquiries about the status of the MLP
Investor Conference for 2009. We know that this is
a popular conference for both our members and investors,
and we apologize for the uncertainty over this year's
conference. Here's a summary of what is happening
and why it is taking so long to get definite news to
it is held under the aegis of NAPTP, up until this year,
the Investor Conference has been largely the work of the
Association's investment firm members. Each year,
the investment firms have cosponsored the conference,
dividing its costs equally among them (in recent years,
NAPTP has also assumed a share). One firm
has each year taken on the role of host, organizing and
staffing the conference, sending invitations, paying
year, as everyone knows, has not been a good one for
investment firms. All of them are cutting
back on expenditures, including conferences. None
of them is in a position to host or sponsor the NAPTP
conference. We therefore have had to spend
considerable time thinking about and discussing whether
to continue the conference, and if so, how the
conference will be organized and funded.
There was agreement early on that the conference is a
valuable benefit both to our members and to the
investment community and should be continued.
However, there was considerable discussion as to whether
we should go forward with a conference this year and how
it would be done.
great deal of consideration and analysis, and some time
spent costing out potential venues, the NAPTP Board of Directors
has approved going ahead with a 2009 conference.
We anticipate holding the conference in mid-September.
At this point we expect that the venue will be outside,
but near, New York City.
we apologize for keeping everyone waiting -- keep
watching this website, and as soon as we have more
definite information, we will post it. In the
meantime, you can
click here to
access our members' earnings releases and most recent
you for your patience and your interest in MLPs.