Shell Midstream Partners, L.P. Declares 4.5% Increase in Quarterly Distribution
April 26 2018 - 8:30AM
Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the
Board of Directors of its general partner declared a cash
distribution of $0.348 per limited partner unit for the first
quarter of 2018. This represents an increase of 4.5 percent
over the previous quarterly distribution of $0.333 per unit and a
20 percent increase over the distribution paid with respect to the
first quarter of 2017. The distribution will be paid May 15,
2018 to unitholders of record as of May 7, 2018. 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, L.P., headquartered in
Houston, Texas, is a fee-based, growth-oriented midstream master
limited partnership formed by Royal Dutch Shell plc to own,
operate, develop and acquire pipelines and other midstream assets.
Shell Midstream Partner, L.P.’s assets include interests in
entities that own crude oil and refined products pipelines and
terminals that serve as key infrastructure to (i) transport onshore
and offshore crude oil production to Gulf Coast and Midwest
refining markets and (ii) deliver refined products from those
markets to major demand centers. Our assets also include interests
in entities that own natural gas and refinery gas pipelines that
transport offshore natural gas to market hubs and deliver refinery
gas from refineries and plants to chemical sites along the Gulf
Coast. Inquiries:Shell Media RelationsAmericas: +1 832 337 4355
Shell Investor RelationsNorth America: +1 832 337 2034
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