Optional Redemption
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At any time prior to October 15, 2023, within 120 days after the conclusion of any review or appeal process instituted by DCP following
the occurrence of a Ratings Event (as defined below), DCP may, at its option, redeem the Series C Preferred Units in whole, but not in part, at a redemption price in cash per Series C Preferred Unit equal to $25.50 (102% of the liquidation
preference of $25.00), plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the date fixed for redemption, whether or not declared.
At any time on or after October 15, 2023, DCP may redeem, in whole or in part, the Series C Preferred Units at a redemption price of $25.00 per Series C
Preferred Unit, plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the date of redemption, whether or not declared.
Upon the occurrence of a Change of Control Triggering Event, DCP may, at its option, redeem the Series C Preferred Units, in whole or in part, within 120 days
after the first date on which such Change of Control Triggering Event occurred, by paying $25.00 per Series C Preferred Unit, plus all accumulated and unpaid distributions to, but not including, the redemption date, whether or not declared.
Any such redemptions would be effected only out of funds legally available for such
purpose and will be subject to compliance with the provisions of DCPs outstanding indebtedness.
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Joint Book-Running Managers
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RBC Capital Markets, LLC
Merrill Lynch, Pierce,
Fenner & Smith
Incorporated
J.P. Morgan Securities LLC
Wells Fargo Securities,
LLC
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