RICHMOND, Va., Jan. 23, 2015 /PRNewswire/ --The board of
directors of Dominion Midstream Partners, LP (NYSE: DM), has
declared a fourth-quarter 2014 cash distribution of $0.1389 per unit. This is Dominion Midstream's
first declared distribution – prorated for the partial quarter
following the closing of the partnership's initial public offering
on Oct. 20, 2014. It corresponds to
the minimum quarterly distribution of $0.175 per unit, or $0.70 per unit annually.
Distributions are payable on Feb. 13,
2015, to unitholders of record at the close of business
Feb. 3, 2015.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). All of Dominion Midstream's
distributions to foreign investors should be treated by brokers and
nominees as being attributable to income that is effectively
connected with a United States
trade or business. Accordingly, the partnership's distributions to
foreign investors are subject to federal income tax withholding at
the highest effective tax rate.
About Dominion Midstream
Dominion Midstream is a
growth-oriented Delaware limited
partnership formed by Dominion in March
2014 to initially own all of the outstanding preferred
equity interests in Dominion Cove Point LNG, LP, a Delaware limited partnership, which owns
liquefied natural gas import, storage, regasification and
transportation assets. It is headquartered in Richmond, Va. For more information about
Dominion Midstream, visit its website at www.dommidstream.com.
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SOURCE Dominion Midstream Partners