HOUSTON, Oct. 24, 2018 /PRNewswire/ - Enbridge Energy
Partners, L.P. (NYSE: EEP) (EEP or the Partnership) announced today
that the Board of Directors of Enbridge Energy Management, L.L.C.
(EEM), the delegate of the Partnership's general partner, has
declared a quarterly cash distribution of $0.35 per unit, or $1.40 per unit on an annualized basis, on all of
the Partnership's outstanding units for the quarter ended
September 30, 2018. The approved
distribution remains unchanged from the previous quarter. The
distribution is payable on November 14,
2018, to unitholders of record at the close of business on
November 7, 2018.
Enbridge Energy Management, L.L.C. Distribution
Enbridge Energy Management, L.L.C. (NYSE: EEQ) (Enbridge
Management) today declared a distribution of $0.35 per share payable on November 14, 2018, to shareholders of record on
November 7, 2018. The distribution
will be paid in the form of additional shares of Enbridge
Management valued at the average closing price of the shares for
the 10 trading days prior to the ex-dividend date on November 6, 2018. Enbridge Management's sole
asset is its approximate 21 percent limited partner interest in
EEP. Enbridge Management's results of operations, financial
condition and cash flows depend on the results of operations,
financial condition and cash flows of EEP.
Tax Notification
This release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please
note that 100 percent of Enbridge Energy Partners, L.P.'s
distributions to foreign investors are attributable to income that
is effectively connected with a United
States trade or business. Accordingly, all of Enbridge
Energy Partners, L.P.'s distributions to foreign investors are
subject to federal income tax withholding at the highest effective
tax rate for individuals or corporations, as applicable. Nominees,
and not Enbridge Energy Partners, L.P., are treated as withholding
agents responsible for withholding distributions received by them
on behalf of foreign investors.
About Enbridge Energy Partners, L.P.
Enbridge
Energy Partners, L.P. owns and operates a diversified portfolio of
crude oil transportation systems in the
United States. Its principal crude oil system is the largest
pipeline transporter of growing oil production from western
Canada and the North Dakota Bakken
formation. The system's deliveries to refining centers and
connected carriers in the United
States account for approximately 25 percent of total U.S.
oil imports. Enbridge Energy Partners, L.P. is traded on the New
York Stock Exchange under the symbol EEP; information about the
partnership is available on its website at
www.enbridgepartners.com.
About Enbridge Energy Management, L.L.C.
Enbridge
Energy Management, L.L.C. manages the business and affairs of the
Partnership, and its sole asset is an approximate 21 percent
limited partner interest in the Partnership. Enbridge Energy
Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc.
of Calgary, Alberta, Canada (NYSE:
ENB) (TSX: ENB) is the general partner of the Partnership and holds
an approximate 35 percent interest in the Partnership. Enbridge
Management is the delegate of the general partner of the
Partnership.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Michael
Barnes
Toll Free: (888) 992-0997
Email: michael.barnes@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Energy Partners, L.P.