NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units
June 14 2019 - 5:30PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a distribution
for the quarter ending June 30, 2019 to be paid to the holders of
the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Units (“Class B Preferred Units”)
and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Units (“Class C Preferred Units”) in accordance
with the terms outlined in NGL’s partnership agreement. Each of the
Class B Preferred Units distributions of $0.5625 per unit and the
Class C Preferred Units distributions of $0.59488 per unit will be
made on July 15, 2019 to holders of record on July 1, 2019.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with four
primary businesses: water solutions, crude oil logistics, NGL
logistics and refined products/renewables. For further information,
visit the Partnership’s website at www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL
Energy Partner LP’s distributions to foreign investors as being
attributable to income that is effectively connected with a United
States trade or business. Therefore, distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
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version on businesswire.com: https://www.businesswire.com/news/home/20190614005507/en/
NGL Energy Partners LPTrey Karlovich, 918.481.1119Executive Vice
President and Chief Financial
OfficerTrey.Karlovich@nglep.comorLinda Bridges, 918.481.1119Senior
Vice President – Finance and TreasurerLinda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
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