Energy Transfer Partners Launches New Cash Distribution Reinvestment Plan
July 11 2017 - 8:00AM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today announced that
its new distribution reinvestment plan (the “Plan”) is now open for
enrollment for owners of its common units. The Plan became
effective with ETP’s filing of its Form S-3 registration statement
with the Securities and Exchange Commission (“SEC”) on July 11,
2017.
Highlights of ETP’s Plan are:
- Both unitholders of record and
beneficial owners of ETP’s common units may participate. Beneficial
owners may participate by having their broker participate on their
behalf.
- Additional common units may be
purchased by reinvesting all or a portion of the cash distributions
paid on the common units.
- Common units purchased through the Plan
will be at a discount ranging from 0% to 5% (currently set at
2.50%) and an investor will not pay any service fees, brokerage
trading fees or other charges. If investors participate in the Plan
through their brokers, they should consult with their brokers;
their brokers may charge a service fee for participating on their
behalf.
Participation in the Plan is voluntary and if an owner of common
units elects to participate in the Plan, the owner may terminate
his or her participation in the Plan at any time. An owner should
read carefully the prospectus describing the Plan before deciding
to participate in the Plan.
Each registered owner of ETP’s common units will be receiving a
prospectus and enrollment form by mail and may also obtain a
prospectus and register online by visiting the shareholder account
access section of American Stock Transfer’s website at
www.astfinancial.com. For transaction requests, please contact
American Stock Transfer & Trust Company, LLC (“AST”), the Plan
Administrator, at the following address: American Stock Transfer
& Trust Company, LLC, Wall Street Station, P.O. Box 922, New
York, N.Y. 10269-0560. For all other correspondence regarding the
Plan, please write to AST at the following address: American Stock
Transfer & Trust Company, LLC, 6201 Fifteenth Avenue, Brooklyn,
New York 11219. Investors may also call the Plan Administrator at
1-888-257-7340 (toll free from inside the United States or Canada)
or 1-718-921-8124 (from outside the United States or Canada).
Please include a reference to Energy Transfer Partners, L.P. in all
correspondence.
Beneficial owners of ETP common units may learn more about the
Plan by contacting their brokers for information describing the
Plan. They may also obtain a prospectus by calling AST at
1-888-257-7340.
A complete description of the Plan is also included in ETP’s
Form S-3 registration statement filed with the SEC on July 11,
2017.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the common units described in this
press release, nor shall there be any sale of these common units in
any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. The offer is being
made only through the prospectus, which is part of ETP’s Form S-3
registration statement that became effective upon filing on July
11, 2017.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production
basins, ETP owns and operates a geographically diverse portfolio of
complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids
(NGL) and refined product transportation and terminalling assets;
NGL fractionation; and various acquisition and marketing assets.
ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at energytransfer.com.
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in ETP’s Annual Reports on Form 10-K
and other documents filed from time to time with the Securities and
Exchange Commission. ETP undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
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version on businesswire.com: http://www.businesswire.com/news/home/20170711005453/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay
Hannah, 214-981-0795orBrent Ratliff, 214-981-0795orHelen Ryoo,
214-981-0795orMedia Relations:Vicki Granado,
214-840-5820orLisa Dillinger, 214-840-5820
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