My latest column is out at equities.com.  This one provides some basics on variable distribution MLP universe, which is now 5 deep, and I believe will grow to 10 by the end of 2013.  Thanks to those readers who contributed their thoughts over the phone yesterday, let me know if you prefer to be listed by name as a source.  The charts didn’t come out very well in the actual post, so I’m posting them here as well.

Click over to read about variable distributions, what they are, what makes them unique, how they’ve performed relative to the MLP Index, and what to expect in the future as the MLP structure continues to evolve and the industry continues to figure out how to market qualifying assets that were previously unpalatable in an MLP wrapper.