Breitburn Energy Partners L.P. Announces Monthly Cash Distributions for Common and Preferred Units
July 01 2014 - 1:51PM
Business Wire
Breitburn Energy Partners L.P. (NASDAQ:BBEP) announced today a
cash distribution of $0.1675 per common unit for the first month
attributable to the second quarter of 2014, payable on
July 16, 2014, to record holders of its common units at the
close of business on July 11, 2014. This monthly distribution
represents an increase from the last distribution of $0.1658 per
common unit and is $2.01 per common unit on an annualized
basis.
Breitburn also announced today a cash distribution for its 8.25%
Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ:
BBEPP) of $0.171875 per Series A Unit, payable on August 15, 2014,
to record holders of its Series A Units at the close of business on
July 31, 2014. This monthly distribution rate is equal to an annual
distribution of $2.0625 per Series A Unit.
About Breitburn Energy Partners
L.P.
Breitburn Energy Partners L.P. is a publicly-traded independent
oil and gas master limited partnership focused on the acquisition,
exploitation, and production of oil and gas properties throughout
the United States. Breitburn’s producing and non-producing crude
oil and natural gas reserves are located in Michigan, Oklahoma,
Texas, Wyoming, California, Florida, Indiana and Kentucky. See
www.Breitburn.com for more information.
Cautionary Statement Regarding
Forward-Looking Information
This press release contains forward-looking statements. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that Breitburn expects, believes or anticipates will or may occur
in the future are forward-looking statements. These statements are
based on certain assumptions made by Breitburn based on
management’s experience and perception of historical trends,
current conditions, anticipated future developments and other
factors believed to be appropriate. Such statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and other factors, some of which are beyond our
control and are difficult to predict. See “Risk Factors” in
Breitburn’s Annual Report on Form 10-K filed with the Securities
and Exchange Commission on February 28, 2014, and Breitburn’s other
public filings and press releases.
Non-U.S. investors are not eligible holders of Breitburn common
and Series A Units. This press release is intended to provide a
qualified notice under Treasury Regulation Section 1.1446-4(b).
Brokers and nominees should treat one hundred percent (100.0%) of
Breitburn’s distributions to non-U.S. investors as being
attributable to income that is effectively connected with a U.S.
trade or business. Accordingly, Breitburn’s distributions to
non-U.S. investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
BBEP-IR
Breitburn Energy Partners L.P.Antonio D’AmicoVice President,
Investor Relations & Government AffairsorJessica TangInvestor
Relations213-225-0390