sellstopp

Is Kinder Morgan Just a Fee Trick?

Huh? So KMR doesn't just get 27% of KMP's distributions, in line with it's 27% ownership? KMR can take as much as 50% of KMP's distributions ?
I suppose that can be done out of sight. As a distribution to general partners on the KMP income statement (sort of like a Preferred Dividend deduction on "normal" income statements.) As a limited partner, I would usually only know about KMP's declared distributions, and not that my dividend is NET after a tribute to the GP, KMR.
Is that it?