NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
September 19 2017 - 6:33PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a distribution
for the quarter ending September 30, 2017 to be paid to the holders
of the Partnership’s 9.00% Class B Fixed-to-Floating Rate
Cumulative Redeemable Perpetual Preferred Units (“Class B Preferred
Units”) in accordance with the terms outlined in NGL’s partnership
agreement. The Class B Preferred Units distribution of $0.675 per
unit will be made on October 16, 2017 to holders of record on
September 29, 2017.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with five
primary businesses: water solutions, crude oil logistics, NGL
logistics, refined products/renewables and retail propane. For
further information, visit the Partnership’s website at
www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL
Energy Partner LP’s distributions to foreign investors as being
attributable to income that is effectively connected with a United
States trade or business. Therefore, distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
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version on businesswire.com: http://www.businesswire.com/news/home/20170919006710/en/
NGL Energy Partners LPTrey Karlovich, 918-481-1119Executive Vice
President and Chief Financial
OfficerTrey.Karlovich@nglep.comorLinda Bridges, 918-481-1119Vice
President – Finance and TreasurerLinda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
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