DCP Midstream Announces Common and Preferred Unit Distributions
October 23 2018 - 4:20PM
DCP Midstream, LP (NYSE: DCP) announced today that the board of
directors of its general partner declared a third quarter 2018
common unit distribution of $0.78 per unit, or $3.12 per unit on an
annualized basis. This quarterly common unit distribution will be
paid November 14, 2018 to common unitholders of record at the close
of business on November 2, 2018.
In addition, the board of directors declared a semi-annual
Series A preferred unit distribution of $36.875 per unit and a
quarterly Series B preferred unit distribution of $0.4922 per unit.
These preferred unit cash distributions will be paid December 17,
2018 to preferred unitholders of record at the close of business on
December 3, 2018.
The board of directors also declared an initial quarterly Series
C preferred unit distribution of $0.5576 per unit, which includes
the distribution attributable to the partial-period from and
including the original issue date of October 4, 2018. This
preferred unit cash distribution will be paid January 15, 2019 to
preferred unitholders of record at the close of business on January
2, 2019.
INVESTOR
RELATIONS: |
Irene Lofland |
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Phone: |
303-605-1822 |
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MEDIA RELATIONS: |
Sarah Sandberg |
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Phone: |
303-605-1626 |
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This serves as qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of DCP’s distributions to
foreign investors are attributable to income that is effectively
connected with a United States trade or business. Accordingly,
DCP’s distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate. Nominees
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
ABOUT DCP MIDSTREAM, LPDCP Midstream, LP
(NYSE:DCP) is a midstream master limited partnership headquartered
in Denver, Colorado, with a diversified portfolio of gathering and
processing assets in addition to logistics and marketing assets.
DCP is one of the largest natural gas liquids producers and
marketers and one of the largest natural gas processors in the U.S.
The owner of DCP’s general partner is a joint venture between
Enbridge and Phillips 66. For more information, visit the DCP
Midstream, LP website at www.dcpmidstream.com.
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