Hi-Crush Announces Completion of Conversion to C-Corporation Structure
HI-CRUSH PARTNERS (HCLP)
Last hi-crush partners earnings: 5/7 04:13 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=251388&p=irol-irhome_pf
Company Research
Source: GlobeNewswire
HOUSTON, May 31, 2019 (GLOBE NEWSWIRE) -- Hi-Crush Partners LP, “Hi-Crush” or the “Partnership”, announced today that it has completed the conversion of its corporate structure from a master limited partnership (MLP) to a C-Corporation, following the previously announced unitholder approval received on May 22, 2019. Concurrent with the conversion, the company will change its name to Hi-Crush Inc. (the “Corporation”). The Corporation’s Common Stock will be listed on the New York Stock Exchange under the symbol “HCR” beginning on June 3, 2019. After market close on May 31, 2019, outstanding common units which represented limited partner interests in the Partnership (the “Units”) were each exchanged for one share of common stock, par value $0.01 per share, (the “Common Stock”) of Hi-Crush Inc. Unitholders received, in exchange for their Units, 100% of the Common Stock outstanding immediately following the completion of the conversion. After completion of the conversion, there were 101
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