Breitburn Energy Partners L.P. Announces Initial Cash Distribution for its 8.25% Series A Preferred Units
June 19 2014 - 12:39PM
Business Wire
Breitburn Energy Partners L.P. (NASDAQ:BBEP) has declared today
a cash distribution for its 8.25% Series A Cumulative Redeemable
Perpetual Preferred Units (Series A Units) of $0.309375 per Series
A Unit, payable on July 15, 2014, to record holders of Series
A Units at the close of business on June 30, 2014. This
distribution marks the initial distribution payable on the Series A
Units for the period from May 21, 2014 to July 15, 2014.
About Breitburn Energy Partners
L.P.
Breitburn Energy Partners L.P. (Breitburn) is a publicly-traded
independent oil and gas master limited partnership focused on the
acquisition, exploitation, development and production of oil and
gas properties throughout the United States. Breitburn’s producing
and non-producing crude oil and natural gas reserves are located in
Michigan, Oklahoma, Texas, Wyoming, California, Florida, Indiana
and Kentucky. See www.Breitburn.com for more information.
Cautionary Statement Regarding
Forward-Looking Information
This press release contains forward-looking statements. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that Breitburn expects, believes or anticipates will or may occur
in the future are forward-looking statements. These statements are
based on certain assumptions made by Breitburn based on
management’s experience and perception of historical trends,
current conditions, anticipated future developments and other
factors believed to be appropriate. Such statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and other factors, some of which are beyond our
control and are difficult to predict. See “Risk Factors” in
Breitburn’s Annual Report on Form 10-K filed with the Securities
and Exchange Commission on February 28, 2014, and Breitburn’s other
public filings and press releases.
Non-U.S. investors are not Eligible Holders of Breitburn Series
A Units. In addition to the other consequences of not qualifying as
Eligible Holders, this press release is intended to provide a
qualified notice under Treasury Regulation Section 1.1446-4(b).
Brokers and nominees should treat one hundred percent (100.0%) of
Breitburn’s distributions to non-U.S. investors as being
attributable to income that is effectively connected with a U.S.
trade or business. Accordingly, Breitburn’s distributions to
non-U.S. investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
BBEP-IR
Breitburn Energy Partners L.P.Antonio D’AmicoVice President,
Investor Relations & Government Affairs(213) 225-0252orJessica
TangInvestor Relations(213) 225-0210