Shell Midstream Partners, L.P. Declares 4.6% Increase in Quarterly Distribution
October 19 2017 - 8:30AM
Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the
Board of Directors of its general partner declared a cash
distribution of $0.318 per limited partner unit for the third
quarter of 2017. This represents an increase of 4.6 percent
over the previous quarterly distribution of $0.3041 per unit and a
20.6 percent increase over the distribution paid with respect to
the third quarter of 2016. The distribution will be paid
November 14, 2017 to unitholders of record as of October 31, 2017.
TAX CONSIDERATIONSThis release is intended to be a qualified notice
to nominees as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d). Please note that 100 percent of Shell
Midstream Partners, L.P.’s distributions to foreign investors are
attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of Shell Midstream
Partners, L.P.’s distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax rate
for individuals or corporations, as applicable. Nominees, and not
Shell Midstream Partners, L.P., are treated as the withholding
agents responsible for withholding on the distributions received by
them on behalf of foreign investors.
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About Shell Midstream Partners,
L.P.
Shell Midstream Partners, headquartered in Houston, Texas, is a
fee-based, growth-oriented midstream master limited partnership
formed by Royal Dutch Shell to own, operate, develop and acquire
pipelines and other midstream assets. Shell Midstream Partners'
assets consist of pipelines, crude tank storage and terminal
systems that serve as key infrastructure to transport and store
onshore and offshore crude oil production to Gulf Coast and Midwest
refining markets and to deliver refined products from Gulf Coast
markets to major demand centers. Inquiries:
Shell Media RelationsAmericas: +1 832 337 4355
Shell Investor RelationsNorth America: +1 832 337 2034
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