BP Midstream Partners LP Declares Increased First Quarter 2018 Distribution
April 17 2018 - 4:25PM
Business Wire
BP Midstream Partners LP (NYSE: BPMP) (“BP Midstream,” “BPMP” or
the “Partnership”) today announced that the Board of Directors of
BP Midstream Partners GP LLC, the general partner of the
Partnership, declared a quarterly cash distribution of $0.2675 per
unit for the first quarter of 2018. The distribution reflects an
increase of $0.0050 over the Partnership’s minimum quarterly
distribution.
The first quarter 2018 distribution will be payable on May 15,
2018, to unitholders of record as of May 1, 2018, with an
ex-distribution date of April 30, 2018.
About BP Midstream Partners
BPMP is a fee-based, growth-oriented master limited partnership
recently formed by BP to own, operate, develop and acquire
pipelines and other midstream assets. BPMP’s initial assets consist
of interests in entities that own crude oil, natural gas, refined
products and diluent pipelines serving as key infrastructure for BP
and its affiliates and other customers to transport onshore and
offshore production to key refining markets and trading and
distribution hubs.
For more information on BPMP and the assets owned by the
partnership, please visit www.bpmidstreampartners.com.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100.0%) of the Partnership’s distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, the Partnership's distributions to non-U.S. 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/20180417006631/en/
BP Press Office, US:Brett Clanton, +1
281-366-4463uspress@bp.comorBP Press Office, London:+44 (0)207 496
4076bppress@bp.com
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