Crosstex Declares Quarterly Distribution and Dividend
January 24 2008 - 11:44AM
Business Wire
The Crosstex Energy companies today announced the declaration of
the quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX)
(the Partnership) and the quarterly dividend for Crosstex Energy,
Inc. (NASDAQ: XTXI) (the Corporation): The quarterly distribution
on the Partnership�s common and subordinated units will increase
from $0.59 per unit to $0.61 per unit, payable February 15 to
unitholders of record February 4. The quarterly dividend on the
Corporation�s common stock will increase from $0.24 per share to
$0.26 per share, payable February 15 to stockholders of record
February 4. About the Crosstex Energy Companies Crosstex Energy,
L.P., a midstream natural gas company headquartered in Dallas,
operates over 5,000 miles of pipeline, 13 processing plants, four
fractionators, and approximately 200 natural gas amine-treating
plants and dew-point control plants. Crosstex currently provides
services for over 3.5 billion cubic feet per day of natural gas, or
approximately 7.0 percent of marketed U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner
interest, a 36 percent limited partner interest, and the incentive
distribution rights of Crosstex Energy, L.P. Additional information
about the Crosstex companies can be found at
www.crosstexenergy.com. This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included herein constitute
forward-looking statements. Although the companies believe that the
expectations reflected in the forward-looking statements are
reasonable, they can give no assurance that such expectations will
prove to be correct.
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