JP Energy Partners Announces Second Quarter 2015 Distribution
July 28 2015 - 8:00AM
Business Wire
JP Energy Partners LP (“JPE”) (NYSE:JPEP) announced today that
the Board of Directors of its general partner has declared a cash
distribution for the second quarter of 2015 of $0.3250 per unit.
This distribution corresponds to the minimum quarterly distribution
of $0.3250 per unit, or $1.30 per unit on an annualized basis. The
distribution will be paid on August 14, 2015 to all unitholders of
record on August 7, 2015.
Tax Notice
This release serves as qualified notice to nominees as provided
for under Treasury Regulation Section 1.1446-4(b) (4) and (d).
Please note that 100% of JPE's distributions to foreign investors
are attributable to income that is effectively connected with a
United States trade or business. Accordingly, all of JPE's
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not JPE, are treated
as withholding agents responsible for withholding distributions
received by them on behalf of foreign investors.
About JP Energy Partners LP
JP Energy Partners LP (JPEP) is a publicly traded,
growth-oriented limited partnership that owns, operates, develops
and acquires a diversified portfolio of midstream energy assets.
Our operations currently consist of: (i) crude oil pipelines and
storage; (ii) crude oil supply and logistics; (iii) refined
products terminals and storage; and (iv) NGL distribution and
sales, which together provide midstream infrastructure solutions
for the growing supply of crude oil, refined products and NGLs in
the United States. To learn more, please visit our website at
www.jpenergypartners.com.
Forward looking statements
This press release may include forward-looking statements within
the meaning of the federal securities laws. Statements that do not
relate strictly to historical or current facts are forward-looking.
These statements contain words such as "possible," "if," "will" and
"expect" and involve risks and uncertainties including, among
others, that JPE's business plans may change as circumstances
warrant. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements in each of JPE’s documents and reports filed with the
Securities and Exchange Commission. Any forward-looking statement
applies only as of the date on which such statement is made and JPE
undertakes no obligation and does not intend to correct or update
these forward-looking statements to reflect events or circumstances
occurring after this press release except as required by law. You
are cautioned not to place undue reliance on these forward-looking
statements.
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JP Energy Partners LPInvestor Relations,
866-912-3714investorrelations@jpep.com
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