Energy Transfer Partners Announces Quarterly Cash Distribution on Series C Preferred Units
July 20 2018 - 4:15PM
Business Wire
Energy Transfer Partners, L.P. (NYSE:
ETP) today announced the initial pro-rated quarterly cash
distribution of $0.56337 per Series C Fixed-to-Floating
Rate Cumulative Redeemable Perpetual Preferred Units (liquidation
preference $25 per Series C unit), which amount is attributable to
the partial period from and including the date of original issue.
This cash distribution will be paid on August 15, 2018 to
preferred unitholders of record as of the close of business
on August 1, 2018.
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 the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with
the Securities and Exchange Commission. The Partnership
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
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 Energy Transfer Partners,
L.P.’s distributions to foreign investors are attributable to
income that is effectively connected with a United
States trade or business. Accordingly, all of Energy Transfer
Partners, L.P.’s distributions to foreign investors are subject to
federal tax withholding at the highest applicable effective tax
rate. Nominees, and not Energy Transfer Partners, L.P., are
treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
The information contained in this press release is available on
our website at energytransfer.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180720005416/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay Hannah,
Brent Ratliff, 214-981-0795orMedia Relations:Vicki Granado,
214-840-5820
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