DCP Midstream Announces Common and Preferred Unit Distributions
April 23 2019 - 4:15PM
DCP Midstream, LP (NYSE: DCP) announced today that the board of
directors of its general partner declared a first quarter 2019
common unit distribution of $0.78 per unit, or $3.12 per unit on an
annualized basis. This quarterly common unit distribution will be
paid May 15, 2019 to common unitholders of record at the close of
business on May 3, 2019.
In addition, the board of directors declared a semi-annual
Series A preferred unit distribution of $36.875 per unit and a
quarterly Series B preferred unit distribution of $0.4922 per unit.
These preferred unit cash distributions will be paid June 17, 2019
to preferred unitholders of record at the close of business on June
3, 2019.
The board of directors also declared a quarterly Series C
preferred unit distribution of $0.4969 per unit. This preferred
unit cash distribution will be paid July 15, 2019 to preferred
unitholders of record at the close of business on July 1, 2019.
INVESTOR RELATIONS: |
Irene Lofland |
Phone: |
303-605-1822 |
MEDIA RELATIONS: |
Sarah Sandberg |
Phone: |
303-605-1626 |
This serves as qualified notice to nominees and brokers as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of DCP’s distributions to
foreign investors are attributable to income that is effectively
connected with a United States trade or business. Accordingly,
DCP’s distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate. Nominees
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
ABOUT DCP MIDSTREAM, LPDCP Midstream, LP (NYSE:
DCP) is a Fortune 500 midstream master limited partnership
headquartered in Denver, Colorado, with a diversified portfolio of
gathering, processing, logistics and marketing assets. DCP is one
of the largest natural gas liquids producers and marketers and one
of the largest natural gas processors in the U.S. The owner of
DCP’s general partner is a joint venture between Enbridge and
Phillips 66. For more information, visit the DCP Midstream, LP
website at www.dcpmidstream.com.
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