Breitburn Energy Partners LP Announces Monthly Cash Distributions for Common and Preferred Units
October 29 2014 - 1:33PM
Business Wire
Breitburn Energy Partners LP (NASDAQ:BBEP) announced today a
cash distribution of $0.1675 per common unit for the second month
attributable to the third quarter of 2014, payable on
November 14, 2014, to record holders of its common units at
the close of business on November 10, 2014. This monthly
distribution is equal to a distribution of $2.01 per common unit on
an annualized basis.
Breitburn also announced today a cash distribution for its 8.25%
Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ:
BBEPP) of $0.171875 per Series A Unit, payable on December 15,
2014, to record holders of its Series A Units at the close of
business on November 28, 2014. This monthly distribution is equal
to an annual distribution of $2.0625 per Series A Unit.
About Breitburn Energy Partners
LP
Breitburn Energy Partners LP is a publicly traded independent
oil and gas master limited partnership focused on the acquisition,
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, including those which are set
forth under the heading “Risk Factors” in our Annual Report on Form
10-K filed with the Securities and Exchange Commission, and if
applicable, our Quarterly Reports on Form 10-Q and our Current
Reports on Form 8-K.
Non-U.S. investors are not eligible holders of Breitburn common
and Series A Units. 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 LPAntonio D’AmicoVice President,
Investor Relations & Government AffairsorJessica TangInvestor
Relations, Manager(213) 225-0390