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Hello to this board. I'm a long time Fool but haven't posted here before. I subscribe to a few free investment newsletters to get info on new investment opportunities and came across this the other day. Thought those of you into dividend investing might know something about this.

(it sounded a bit 'too good to be true'

The writer claims that there are oil companies that pay out 90% of their revenue to shareholders. Supposedly in the 1979 oil crisis the government made a deal where in exchange for exchange for companies signing up for this, their corporate tax would be slash. The author sights Sections 851-855 of the U.S. Internal Revenue Code of 1986.

The author says one of the businesses that has taken advantage of the A.O.P. arrangement is Kinder Morgan Energy Partners (KMP)— a Texas-based oil pipeline company.

The fool quote says this is a 'master limited partnership' that pays no corporate tax

Dividend was $3.84 or about 7%.

Anyone know about this 'American Oil Pension'?
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