Teekay LNG Partners Declares Common Unit Distribution
July 17 2020 - 6:59AM
Teekay GP LLC, the general partner of Teekay LNG Partners L.P.
(Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash
distribution of $0.25 per common unit for the quarter ended June
30, 2020. This corresponds to $1.00 per common unit on an
annualized basis, which is 32 percent higher than last year’s
annual distribution.
The cash distribution is payable on August 14,
2020 to all common unitholders of record on July 31, 2020.
Teekay LNG’s common 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 47 LNG carriers, 23 mid-size LPG
carriers, and seven multi-gas carriers. Teekay LNG’s ownership
interests in these vessels range from 20 to 100 percent. In
addition, Teekay LNG 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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