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VNRAP - Vanguard Natural Resources LLC

Vanguard Natural Resources LLC logo VNRAP (Vanguard Natural Resources LLC, 7.875% Series A Cumulative Redeemable Perpetual Preferred Units) represents a type of preferred stock issued by Vanguard Natural Resources LLC, a company focused on the exploration, development, and production of oil and natural gas properties primarily in the United States.

As a preferred stock, VNRAP offers investors a fixed dividend payment that is typically higher than the dividend payment offered by the company's common stock. The Series A preferred units are cumulative and redeemable, meaning that if the company is unable to pay the preferred dividend, the unpaid amount will accumulate and must be paid before the company can pay any dividends to its common stockholders. The preferred units are also redeemable by the company at its discretion.

As of September 2021, VNRAP had a par value of $25 and paid a fixed dividend of 7.875% per annum. The preferred units are traded on the NASDAQ stock exchange under the ticker symbol VNRAP.

Investing in preferred stock like VNRAP carries significant risks, including the potential for loss of the initial investment. Additionally, investors should be aware that preferred stock investments are typically less volatile than common stock investments but may offer lower returns over the long term.

Investors considering investing in VNRAP or any other preferred stock should carefully consider the risks involved, including the potential impact of interest rate changes and the company's financial performance. It is also important to conduct thorough due diligence on the company's management team, growth prospects, and dividend payment history before making any investment




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