WHIPPANY, N.J., April 25,
2024 /PRNewswire/ -- Suburban Propane Partners,
L.P. (NYSE:SPH), today announced that its Board of Supervisors
declared a quarterly distribution of $0.325 per Common Unit for the three months ended
March 30, 2024. This quarterly
distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is
payable on May 14, 2024 to Common
Unitholders of record as of May 7,
2024.
This press release serves as qualified notice to brokers and
nominees as provided for under Treasury Regulation Section
1.1446-4(b). Please note that 100% of Suburban Propane 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 Suburban Propane Partners, LP's distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate without exception. Regarding
the amount realized pursuant to 1.1446(f)-4(c)(2)(iii), 100% of the
distribution is in excess of cumulative net income. Brokers and
nominees are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign
investors.
About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly
traded master limited partnership listed on the New York Stock
Exchange. Headquartered in Whippany, New
Jersey, Suburban Propane has been in the customer service
business since 1928 and is a nationwide distributor of propane,
renewable propane, renewable natural gas ("RNG"), fuel oil and
related products and services, as well as a marketer of natural gas
and electricity and producer of and investor in low carbon fuel
alternatives, servicing the energy needs of approximately 1 million
residential, commercial, governmental, industrial and agricultural
customers through approximately 700 locations across 42 states.
Suburban Propane is supported by three core pillars:
(1) Suburban Commitment – showcasing Suburban
Propane's 95-year legacy, and ongoing commitment to the highest
standards for dependability, flexibility, and reliability that
underscores Suburban Propane's commitment to excellence in customer
service; (2) SuburbanCares – highlighting continued
dedication to giving back to local communities across Suburban
Propane's national footprint; and (3) Go Green with Suburban Propane –
promoting the clean burning and versatile nature of propane and
renewable propane as a bridge to a green energy future and
investing in the next generation of innovative, renewable energy
alternatives. For additional information on Suburban Propane,
please visit www.suburbanpropane.com.
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SOURCE Suburban Propane Partners, L.P.