TULSA, Okla., Oct. 19, 2016 /PRNewswire/ -- The board of
directors of the general partner of ONEOK Partners, L.P. (NYSE:
OKS) today declared a quarterly cash distribution of 79 cents per unit, effective for the third
quarter 2016, payable Nov. 14, 2016,
to unitholders of record as of Oct. 31,
2016.
ONEOK Partners has increased its distribution by 98 percent
since April 2006, when a wholly owned
subsidiary of ONEOK, Inc. (NYSE: OKE) became the sole general
partner.
ONEOK Partners, L.P. (pronounced ONE-OAK) (NYSE: OKS) is one of
the largest publicly traded master limited partnerships in
the United States and owns one of
the nation's premier natural gas liquids (NGL) systems, connecting
NGL supply in the Mid-Continent, Permian and Rocky Mountain regions
with key market centers and is a leader in the gathering,
processing, storage and transportation of natural gas in the U.S.
Its general partner is a wholly owned subsidiary of ONEOK, Inc.
(NYSE: OKE), a pure-play publicly traded general partner, which
owns 41.2 percent of the overall partnership interest, as of
June 30, 2016.
For more information, visit the website at
www.oneokpartners.com.
For the latest news about ONEOK Partners, follow us on Twitter
@ONEOKPartners.
Some of the statements contained and incorporated in this news
release are forward-looking statements as defined under federal
securities laws. The forward-looking statements relate to our
anticipated financial performance (including projected levels of
quarterly and annual distributions), liquidity, management's plans
and objectives for our growth projects and other future operations
(including plans to construct additional natural gas and natural
gas liquids pipelines and processing facilities), our business
prospects, the outcome of regulatory and legal proceedings, market
conditions and other matters. We make these forward-looking
statements in reliance on the safe harbor protections provided
under federal securities laws and other applicable laws.
Forward-looking statements include the items identified in the
preceding paragraph, the information concerning possible or assumed
future results of our operations and other statements contained or
incorporated in this news release identified by words such as
"anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," "should," "goal," "forecast," "guidance," "could,"
"may," "continue," "might," "potential," "scheduled" and other
words and terms of similar meaning.
One should not place undue reliance on forward-looking
statements. Known and unknown risks, uncertainties and other
factors may cause our actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by forward-looking statements.
Those factors may affect our operations, markets, products,
services and prices. These and other risks are described in greater
detail in Item 1A, Risk Factors, in our most recent Annual Report
on Form 10-K and in the other filings that we make with the
Securities and Exchange Commission (SEC), which are available on
the SEC's website at www.sec.gov. All forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these factors. Any such
forward-looking statement speaks only as of the date on which such
statement is made, and, other than as required under securities
laws, we undertake no obligation to update publicly any
forward-looking statement whether as a result of new information,
subsequent events or change in circumstances, expectations or
otherwise.
This news release serves as qualified notice to nominees as
provided for under Treasury Regulation Sections 1.1446-4(b)(4) and
(d). Please note that ONEOK Partners, L.P.'s quarterly cash
distributions are treated as partnership distributions for federal
income tax purposes and that 100 percent of these distributions to
foreign investors are attributable to income that is effectively
connected with a United States
trade or business. Accordingly, all of ONEOK 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 ONEOK Partners,
L.P., are treated as withholding agents responsible for withholding
on the distributions received by them on behalf of foreign
investors.
Analyst
Contact:
|
Megan
Patterson
|
|
918-561-5325
|
Media
Contact:
|
Stephanie
Higgins
|
|
918-591-5026
|
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SOURCE ONEOK Partners, L.P.