CONE Midstream Increases Quarterly Cash Distribution
July 24 2017 - 6:30AM
The Board of Directors of CONE Midstream GP LLC, the general
partner of CONE Midstream Partners LP (NYSE:CNNX), today announced
the declaration of a cash distribution of $0.2922 per unit with
respect to the second quarter of 2017. The distribution will
be made on August 14, 2017 to unitholders of record as of the close
of business on August 4, 2017. The distribution, which
equates to an annual rate of $1.1688 per unit, represents an
increase of 3.6% over the prior quarter, and an increase of 15.1%
over the distribution paid with respect to the second quarter of
2016.
CONE Midstream Partners is a growth-oriented
master limited partnership that owns, operates, develops and
acquires gathering and other midstream energy assets to service
natural gas production in the Appalachian Basin in Pennsylvania and
West Virginia. Our assets include natural gas gathering
pipelines and compression and dehydration facilities, as well as
condensate gathering, collection, separation and stabilization
facilities. More information is available at our website
www.conemidstream.com.
This press release is intended to be a qualified
notice to nominees as provided for under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent (100.0%) of CONE Midstream’s distributions to
non-U.S. investors as being attributed to income that is
effectively connected with a United States trade or business.
Accordingly, CONE Midstream's distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate. Nominees, and not CONE
Midstream, are treated as withholding agents responsible for
withholding on the distributions received by them on behalf of
foreign investors.
Contact:
Stephen R. Milbourne
CONE Midstream Partners Investor Relations
Phone: 724-485-4408
Email: smilbourne@conemidstream.com
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