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On Sept. 25, 2009, investors of Magellan Midstream Holdings, L.P. (NYSE: MGG) and Magellan Midstream Partners, L.P. (NYSE: MMP) approved a proposed capital structure simplification. As a result of the simplification, we have just one publicly traded partnership, MMP, going forward with no incentive distribution rights. MGG investors received 0.6325 MMP units for each MGG unit held on Sept 30.
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