Quarterly distribution increase of
1.25 cents to $0.71375 per unit
HOUSTON, Aug. 2, 2017 /PRNewswire/ - Spectra Energy
Partners, LP (NYSE: SEP) announced today that the board of
directors of the general partner of its general partner declared a
quarterly cash distribution to unitholders of $0.71375 per unit, an increase of 1.25 cents over the previous level of
$0.70125 per unit. The cash
distribution is payable on August 29,
2017, to unitholders of record at the close of business on
August 15, 2017. This quarterly cash
distribution equates to $2.855 per
unit on an annual basis.
This information is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Under rules applicable to
publicly-traded partnerships, our distributions to non-U.S.
unitholders are subject to withholding tax at the highest effective
applicable rate to the extent attributable to income that is
effectively connected with the conduct of a U.S. trade or business.
Given the uncertainty at the time of making distributions regarding
the amount of any distribution that is attributable to income that
is so effectively connected, we intend to treat all of our
distributions as attributable to our U.S. operations, and as a
result, the entire distribution will be subject to withholding.
Spectra Energy Partners
Spectra Energy Partners, LP is
one of the largest pipeline master limited partnerships in
the United States and connects
growing supply areas to high-demand markets for natural gas and
crude oil. These assets include more than 15,000 miles of
transmission pipelines, approximately 170 billion cubic feet of
natural gas storage, and approximately 5.6 million barrels of crude
oil storage. Spectra Energy Partners, LP is traded on the
New York stock exchange under the
symbol SEP; information about the company is available on its
website at www.spectraenergypartners.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
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Media:
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Michael
Barnes
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Toll Free: (877)
496-8142
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michael.barnes@enbridge.com
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Analysts and
Investors:
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Roni
Cappadonna
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(713) 627-4778 or
Toll Free: (800) 481-2804
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roni.cappadonna@enbridge.com
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SOURCE Spectra Energy Partners, LP