American Midstream Announces Twenty-First Consecutive Distribution
October 20 2016 - 8:45PM
Business Wire
American Midstream Partners, LP (NYSE: AMID) (“Partnership”)
today announced that the Board of Directors of its general partner
declared a quarterly cash distribution of $0.4125 per common unit,
or $1.65 per unit on an annualized basis. The third quarter 2016
distribution represents the twenty-first consecutive quarterly
distribution.
The distribution will be paid November 14, 2016 to unitholders
of record as of the close of business on November 3, 2016.
About American Midstream Partners, LP
Houston-based American Midstream Partners, LP is a
growth-oriented limited partnership formed to own, operate, develop
and acquire a diversified portfolio of midstream energy assets. The
Partnership provides midstream services in Texas, North Dakota, and
the Gulf Coast and Southeast regions of the United States. For more
information about American Midstream Partners, LP, visit
www.AmericanMidstream.com.
Forward Looking Statements
This press release includes forward-looking statements. These
statements relate to, among other things, expected closing of
acquisitions, growth projects, cash flows and capital expenditures.
We have used the words "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "predict,"
"project," "should," "will," "potential," and similar terms and
phrases to identify forward-looking statements in this press
release. Although we believe the assumptions upon which these
forward-looking statements are based are reasonable, any of these
assumptions could prove to be inaccurate and the forward-looking
statements based on these assumptions could be incorrect. Our
operations and future growth involve risks and uncertainties, many
of which are outside our control, and any one of which, or a
combination of which, could materially affect our results of
operations and whether the forward-looking statements ultimately
prove to be correct. Actual results and trends in the future may
differ materially from those suggested or implied by the
forward-looking statements depending on a variety of factors which
are described in greater detail in our filings with the SEC. Please
see our Risk Factor disclosures included in our Annual Report on
Form 10-K for the year ended December 31, 2015 filed on March 7,
2016 and our Quarterly Report on Form 10-Q for the first quarter
ended June 30, 2016 filed on August 8, 2016. All future written and
oral forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by
the previous statements. The forward-looking statements herein
speak as of the date of this press release. We undertake no
obligation to update any information contained herein or to
publicly release the results of any revisions to any
forward-looking statements that may be made to reflect events or
circumstances that occur, or that we become aware of, after the
date of this press release.
This release serves as qualified notice to nominees as provided
for under Treasury Regulation Section 1.1446-4(b)(4) and (d).
Please note that 100 percent of American Midstream Partners, LP’s
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or business.
Accordingly, all of American Midstream Partners, LP 's
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not American
Midstream Partners, LP, are treated as withholding agents
responsible for withholding distributions received by them on
behalf of foreign investors.
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version on businesswire.com: http://www.businesswire.com/news/home/20161020006739/en/
American Midstream Partners, LPMark Buscovich,
713-815-3967Manager of FinanceMBuscovich@AmericanMidstream.com
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