Phillips 66 Partners Declares Quarterly Cash Distribution
January 19 2021 - 5:00PM
Business Wire
Phillips 66 Partners LP (NYSE: PSXP) announces that the board of
directors of its general partner declared a fourth-quarter 2020
cash distribution of $0.875 per common unit, or $3.50 per unit on
an annualized basis. The quarterly distribution is payable Feb. 12,
2021, to unitholders of record as of Jan. 29, 2021.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a
growth-oriented master limited partnership formed by Phillips 66 to
own, operate, develop and acquire primarily fee-based crude oil,
refined petroleum products and natural gas liquids pipelines,
terminals and other midstream assets. For more information, visit
www.phillips66partners.com.
TAX CONSIDERATIONS
This 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% of Phillips 66 Partners LP’s
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or business.
Accordingly, all of Phillips 66 Partners LP’s distributions to
foreign investors are subject to federal income tax withholding at
the highest applicable effective tax rate. Nominees, and not
Phillips 66 Partners LP, are treated as the withholding agents
responsible for withholding on the distributions received by them
on behalf of foreign investors.
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version on businesswire.com: https://www.businesswire.com/news/home/20210119005238/en/
Jeff Dietert (investors) 832-765-2297 jeff.dietert@p66.com
or
Shannon Holy (investors) 832-765-2297 shannon.m.holy@p66.com
or
Thaddeus Herrick (media) 855-841-2368
thaddeus.f.herrick@p66.com
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