NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
June 19 2018 - 5:15PM
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 June 30, 2018 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 $0.5625 per unit will
be made on July 16, 2018 to holders of record on July 2, 2018.
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: https://www.businesswire.com/news/home/20180619006437/en/
NGL Energy Partners LPTrey Karlovich, 918-481-1119Executive Vice
President and Chief Financial
OfficerTrey.Karlovich@nglep.comorLinda Bridges, 918-481-1119Senior
Vice President – Finance and TreasurerLinda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
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