PITTSBURGH, July 19, 2019 /PRNewswire/ -- CNX Midstream
Partners LP (NYSE: CNXM) ("CNXM" or the "Partnership"), today
announced that the Board of Directors of its general partner, CNX
Midstream GP LLC, has declared a cash distribution of $0.3865 per unit with respect to the second
quarter of 2019. The distribution will be made on August 14, 2019 to unitholders of record as of
the close of business on August 6,
2019. The distribution, which equates to an annual rate of
$1.546 per unit, represents an
increase of 3.6% over the prior quarter, and an increase of 15%
over the distribution paid with respect to the second quarter of
2018.
CNX Midstream Partners is a growth-oriented master limited
partnership that owns, operates, develops and acquires gathering
and other midstream energy assets to service natural gas production
in the Appalachian Basin in Pennsylvania and West Virginia. Our assets include natural gas
gathering pipelines and compression and dehydration facilities, as
well as condensate gathering, collection, separation and
stabilization facilities. More information is available at our
website www.cnxmidstream.com.
This press release is intended to be a qualified notice to
nominees as provided for under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred percent
(100.0%) of CNX Midstream's distributions to non-U.S. investors as
being attributed to income that is effectively connected with a
United States trade or business.
Accordingly, CNX Midstream's distributions to non-U.S. investors
are subject to federal income tax withholding at the highest
applicable effective tax rate. Nominees, and not CNX Midstream, are
treated as withholding agents responsible for withholding on the
distributions received by them on behalf of foreign
investors.
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SOURCE CNX Midstream Partners LP