Vanguard Natural Resources, LLC Announces Three Monthly Cash Distributions
September 19 2014 - 4:45PM
Business Wire
Vanguard Natural Resources, LLC (NASDAQ: VNR) (“Vanguard”) has
declared a cash distribution attributable to the month of August
2014 of $0.21 per unit ($2.52 on an annual basis) payable on
October 15, 2014 to unitholders of record on October 1, 2014.
Vanguard also declared a cash distribution for its 7.875% Series A
Cumulative Redeemable Perpetual Preferred Units (NASDAQ: “VNRAP”)
of $0.1641 per unit payable on October 15, 2014 to unitholders of
record on October 1, 2014. In addition, Vanguard has declared a
cash distribution for its 7.625% Series B Cumulative Redeemable
Perpetual Preferred Units (NASDAQ: “VNRBP”) of $0.15885 per unit
payable on October 15, 2014 to unitholders of record on October 1,
2014.
About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited
liability company focused on the acquisition, production and
development of oil and natural gas properties. Vanguard's assets
consist primarily of producing and non-producing oil and natural
gas reserves located in the Green River Basin in Wyoming, the
Arkoma Basin in Arkansas and Oklahoma, the Permian Basin in West
Texas and New Mexico, the Big Horn Basin in Wyoming and Montana,
the Piceance Basin in Colorado, the Gulf Coast Basin in Texas,
Louisiana and Mississippi, the Williston Basin in North Dakota and
Montana, the Wind River Basin in Wyoming and the Powder River Basin
in Wyoming. More information on Vanguard can be found at
www.vnrllc.com.
Forward-Looking Statements
We make statements in this news release that are considered
forward-looking statements within the meaning of the Securities
Exchange Act of 1934. These forward-looking statements are largely
based on our expectations, which reflect estimates and assumptions
made by our management. These estimates and assumptions reflect our
best judgment based on currently known market conditions and other
factors. Although we believe such estimates and assumptions to be
reasonable, they are inherently uncertain and involve a number of
risks and uncertainties that are beyond our control. In addition,
management's assumptions about future events may prove to be
inaccurate. Management cautions all readers that the
forward-looking statements contained in this news release are not
guarantees of future performance, and we cannot assure you that
such statements will be realized or the forward-looking events and
circumstances will occur. Actual results may differ materially from
those anticipated or implied in the forward-looking statements due
to factors listed in the "Risk Factors" section in our SEC filings
and elsewhere in those filings. All forward-looking statements
speak only as of the date of this news release. We do not intend to
publicly update or revise any forward-looking statements as a
result of new information, future events or otherwise.
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100.0%) of Vanguard's
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, Vanguard’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
INVESTOR RELATIONS CONTACT:Vanguard Natural Resources,
LLCLisa Godfrey, 832-327-2234Director, Investor
Relationsinvestorrelations@vnrllc.com