Lee Munson and Lorn Davis write on MLP’s. Published on Seeking Alpha

When most people talk about master-limited partnerships (MLPs) they concentrate on the tax issue. We at Portfolio Asset Management look at MLPs more as cash flow producers that are uncorrelated with the stock and bond markets. In our opinion the tax issue is, more than anything, plain and simple tax confusion. The tax benefits an investor might get from investing in an MLP will not be realized until they receive their K-1s. So investors should be more interested in the distributions of these MLPs than the tax breaks because that’s where they will really earn money.

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Tags: Alerian MLP Index Exchange Traded Notes, AMJ, Closed end funds, Commodities, current yeild 8.1%, JP Morgan, K-1, midstream, MLP, partnerships, pipelines, REITS, tax breaks, Tortoise Energy Infrastructure Corp, TYG