American Midstream Announces Twenty-Third Consecutive Distribution
April 25 2017 - 9:52PM
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 first quarter 2017
distribution represents the twenty-third consecutive quarterly
distribution since the initial public offering in 2011.
The distribution will be paid May 12, 2017 to unitholders of
record as of the close of business on May 5, 2017.
About American Midstream Partners, LP
American Midstream Partners, LP is a growth-oriented limited
partnership formed to provide critical midstream infrastructure
that links producers of natural gas, crude oil, NGLs, condensate
and specialty chemicals to end-use markets. American Midstream’s
assets are strategically located in some of the most prolific
onshore and offshore basins in the Permian, Eagle Ford, East Texas,
Bakken and Gulf Coast. American Midstream owns or has an ownership
interest in approximately 4,000 miles of interstate and intrastate
pipelines, as well as ownership in gas processing plants,
fractionation facilities, an offshore semisubmersible floating
production system with nameplate processing capacity of 80 MBbl/d
of crude oil and 240 MMcf/d of natural gas; and terminal sites with
approximately 6.7 MMBbls of storage capacity. Through Pinnacle
Propane and Pinnacle Propane Express, American Midstream operates
one of the largest regional retail propane providers and the
nation's third largest cylinder exchange business.
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, projections of
operational volumetrics and improvements, 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.
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 “Risk Factors” and
other disclosures included in our Annual Report on Form 10-K for
the year ended December 31, 2016 filed on March 29, 2017 and our
other filings with the SEC. 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/20170425007050/en/
American Midstream Partners, LPMark Buscovich,
346-241-3467Manager of Financembuscovich@americanmidstream.com
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