Teekay LNG Partners Declares Common Unit Distribution
October 19 2020 - 4:05PM
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
September 30, 2020. This corresponds to $1.00 per common unit on an
annualized basis.
The cash distribution is payable on November 13,
2020 to all common unitholders of record on November 2,
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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