A and B LIMITED PARTNERSHIP, 2025

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AllianceBernstein Holding L.P. is a master limited partnership.
A limited partnership (LP) is a type of partnership with general partners, who have a right to manage the business, and limited partners, who have no right to manage the business but have only limited liability for its debts.
Some examples of business ventures that commonly use the limited partnership structure include: Shopping malls, apartment complexes and other real estate businesses: With the limited partnership structure, businesses in the real estate industry can provide passive income from rent to the limited partners.
AllianceBernstein Holding LP (AB Holding), a subsidiary of Equitable Holdings Inc, is a provider of research, investment services, and wealth management services. Its portfolio of offerings comprises research related to fixed income, fundamental equity, economic, and quantitative.
LP: the limited partner is an investor who is not actively involved in the management of the fund and does not make strategic decisions about the funds investments. GP: The person or company that manages a venture capital or private equity fund.
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Profit Distributions: Class A members often receive a preferred return on profits, while Class B members may only share residual earnings. Management Roles: Class A members typically participate in decision-making, while Class B members act as silent partners or passive investors.
AllianceBernstein Holding (NYSE: AB) is a publicly traded limited partnership, and it does not pay the typical 21% federal corporate income tax rate on its profits.

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