HOUSTON, Nov. 9, 2017 /PRNewswire/ -- Cheniere Energy
Partners LP Holdings, LLC (NYSE American: CQH) ("Cheniere Partners
Holdings" or the "Company") announced today that its Board of
Directors declared a quarterly cash dividend of $0.45 per common share representing limited
liability company interest in the Company. The dividend will be
payable on November 30, 2017 to
shareholders of record as of the close of business November 20, 2017.
Cheniere Partners Holdings' only business consists of owning
common units and subordinated units of Cheniere Energy Partners,
L.P. (NYSE American: CQP) ("Cheniere Partners"), along with other
cash or property received as distributions in respect of such
units.
Cheniere Partners Holdings' quarterly dividend is expected to be
the amount of distributions received related to its interest in
Cheniere Partners, less reserves for general and administrative and
tax expenses. Cheniere Partners Holdings is expected to begin
making tax payments under a tax sharing agreement with Cheniere
Energy, Inc. in the early 2020s after its deemed federal net
operating loss carryforward ("NOL") has been fully utilized. Based
on current tax rates and market assumptions, Cheniere Partners
Holdings is currently expected to pay taxes in the mid-20%s upon
its NOL being fully utilized.
About Cheniere Partners Holdings
Cheniere Partners
Holdings owns an approximately 48.6% limited partner interest in
Cheniere Partners as of September 30, 2017. Cheniere Partners
Holdings' only business consists of owning Cheniere Partners units
and, accordingly, its results of operations and financial condition
are dependent on the performance of Cheniere Partners. Cheniere
Partners owns and operates liquefied natural gas ("LNG")
regasification facilities and, adjacent to these facilities, plans
to construct over time up to six natural gas liquefaction trains
("Trains") with an expected aggregate nominal production capacity,
which is prior to adjusting for planned maintenance, production
reliability, and potential overdesign, of approximately 27 mtpa.
Trains 1 through 4 are operational, Train 5 is under construction,
and Train 6 is being commercialized and has all necessary
regulatory approvals in place.
For additional information, please refer to the Cheniere
Partners Holdings website at www.cheniere.com and Quarterly Report
on Form 10-Q for the quarter ended September 30, 2017, filed
with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains
certain statements that may include "forward-looking statements."
All statements, other than statements of historical or present
facts or conditions, included herein are "forward-looking
statements." Included among "forward-looking statements" are, among
other things, (i) statements regarding Cheniere Partners' and
Cheniere Partners Holdings' business strategy, plans and
objectives, including the development, construction and operation
of liquefaction facilities, (ii) statements regarding expectations
regarding regulatory authorizations and approvals, (iii) statements
expressing beliefs and expectations regarding the development of
Cheniere Partners' LNG terminal and liquefaction business, (iv)
statements regarding the business operations and prospects of third
parties, (v) statements regarding potential financing arrangements,
and (vi) statements regarding future discussions and entry into
contracts. Although Cheniere Partners Holdings believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere Partners
Holdings' actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Partners
Holdings' periodic reports that are filed with and available from
the Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required under the
securities laws, Cheniere Partners Holdings does not assume a duty
to update these forward-looking statements.
CONTACTS
Investors:
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Randy
Bhatia
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713-375-5479
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Megan
Light
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713-375-5492
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Media:
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Eben
Burnham-Snyder
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713-375-5764
|
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SOURCE Cheniere Energy Partners LP Holdings, LLC