Magellan
Midstream Holdings, L.P. is
a publicly traded master
limited partnership formed
to own and control the
general partner interest and
incentive distribution
rights of
Magellan Midstream Partners,
L.P. We began trading on
the New York Stock Exchange
in Feb. 2006 under the
ticker symbol MGG.
We own and control
Magellan GP, LLC, which is the general
partner of Magellan Midstream Partners,
L.P. (NYSE:
MMP). MMP is principally engaged in
the transportation, storage and
distribution of refined petroleum
products. Our only cash generating asset
is our ownership interest in MMP's
general partner, which owns the
following:
the general
partner interest in MMP,
which currently entitles us
to receive 2% of the cash
distributed by MMP; and
100% of the
incentive distribution
rights in MMP, which entitle
us to receive increasing
percentages of any
incremental cash distributed
by MMP.
