NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units
December 16 2019 - 4:30PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a distribution
for the quarter ending December 31, 2019 to be paid to the holders
of the Partnership’s 9.00% Class B Fixed-to-Floating Rate
Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred
Units”) and the 9.625% Class C Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Units (“Class C Preferred Units”) in
accordance with the terms outlined in NGL’s partnership agreement.
Each of the Class B Preferred Units quarterly distribution of
$0.5625 per unit and the Class C Preferred Units quarterly
distribution of $0.60156 per unit will be made on January 15, 2020
to holders of record on December 31, 2019.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with four
primary businesses: water solutions, crude oil logistics, NGL
logistics and refined products/renewables. For further information,
visit the Partnership’s website at www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL
Energy Partner LP’s distributions to foreign investors as being
attributable to income that is effectively connected with a United
States trade or business. Therefore, distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191216005787/en/
NGL Energy Partners LP Trey Karlovich, 918.481.1119 Executive
Vice President and Chief Financial Officer
Trey.Karlovich@nglep.com
or
Linda Bridges, 918.481.1119 Senior Vice President – Finance and
Treasurer Linda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Aug 2024 to Sep 2024
NGL Energy Partners (NYSE:NGL)
Historical Stock Chart
From Sep 2023 to Sep 2024