March 29, 2018 / 12:09 PM / 6 months ago

BRIEF-Viper Energy Partners Says Board Of General Partner Unanimously Approved Change Of Viper's Federal Income Tax Status

March 29 (Reuters) - Viper Energy Partners Lp:

* VIPER ENERGY PARTNERS - BOARD OF GENERAL PARTNER HAS UNANIMOUSLY APPROVED A CHANGE OF VIPER'S FEDERAL INCOME TAX STATUS

* VIPER ENERGY PARTNERS - CHANGE OF CO'S FEDERAL INCOME TAX STATUS FROM PASS-THROUGH PARTNERSHIP TO TAXABLE ENTITY VIA A "CHECK BOX" ELECTION

* VIPER ENERGY PARTNERS LP - DO NOT EXPECT THIS ELECTION TO BE TAXABLE TO VIPER OR ITS CURRENT UNITHOLDERS, AND VIPER'S BUSINESS MODEL WILL NOT CHANGE

* VIPER ENERGY PARTNERS LP - BELIEVES THIS ELECTION WILL ALLOW CO TO SIGNIFICANTLY EXPAND INVESTOR BASE, BOTH IN U.S. & INTERNATIONALLY

* VIPER ENERGY PARTNERS - MINERALS BUSINESS TO CONTINUE TO BE TAXED AS PARTNERSHIP FOR FEDERAL, STATE INCOME TAX PURPOSES

* VIPER ENERGY PARTNERS LP - "THERE IS SIGNIFICANT OPPORTUNITY AHEAD FOR VIPER IN HIGHLY FRAGMENTED PRIVATE MINERAL MARKET" Source text for Eikon: Further company coverage:

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