Teekay LNG Partners Declares Distributions on Series A and B Preferred Units
December 19 2019 - 6:59AM
Teekay GP LLC, the general partner of Teekay LNG Partners L.P.
(Teekay LNG or the Partnership) (NYSE:TGP), has declared cash
distributions of $0.5625 per unit on the Partnership’s Series A
preferred units (NYSE:TGP PR A) and $0.5313 per unit on the
Partnership’s Series B preferred units (NYSE:TGP PR B) for the
period from October 1, 2019 to December 31, 2019. The cash
distributions are payable on January 15, 2020 to all unitholders of
record as at December 31, 2019. Teekay LNG’s preferred unit
distributions are reported on Form 1099 for United States tax
purposes.
About Teekay LNG
Teekay LNG Partners is one of the world’s
largest independent owners and operators of LNG carriers, providing
LNG and LPG services primarily under long-term, fee-based charter
contracts through its interests in 49 LNG carriers, 23 mid-size LPG
carriers, and seven multi-gas carriers. The Partnership’s ownership
interests in these vessels range from 20 to 100 percent. In
addition, the Partnership owns a 30 percent interest in a
regasification terminal. Teekay LNG Partners is a publicly-traded
master limited partnership formed by Teekay Corporation (NYSE: TK)
as part of its strategy to expand its operations in the LNG and LPG
shipping sectors.
Teekay LNG Partners’ common units and preferred
units trade on the New York Stock Exchange under the symbols “TGP”,
“TGP PR A” and “TGP PR B”, respectively.
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website: www.teekay.com
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