Summit Midstream Partners (NYSE:SMLP) said Monday it has scheduled a special unitholders meeting to vote on the reorganization from a master limited partnership to a C-corporation.
Summit (SMLP) said the reorganization would simplify its structure to make the equity easier to own, enhance trading liquidity, expand the universe of potential investors, and reduce unitholders’ tax burden.
The special meeting will be held virtually on July 18; common unitholders of record as of June 7 are entitled to vote.