TULSA,
Okla., April 27, 2023 /PRNewswire/ -- The board
of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has
declared a quarterly cash distribution of $1.0475 per unit for the period Jan. 1 through March 31, 2023.
The distribution, which equates to $4.19 per unit on an annualized basis, will be
paid May 15 to unitholders of record
at the close of business on May
8.
Magellan's distributions to foreign investors are subject to
federal income tax withholding at the highest applicable U.S. tax
rate plus an additional 10%. Our qualified notice to nominees is
available at
www.magellanlp.com/investors/cashdistributionsandqualifiednotice.aspx.
About Magellan Midstream Partners, L.P.
Magellan
Midstream Partners, L.P. (NYSE: MMP) is a publicly traded
partnership that primarily transports, stores and distributes
refined petroleum products and crude oil. Magellan owns the longest
refined petroleum products pipeline system in the country, with
access to nearly 50% of the nation's refining capacity, and can
store more than 100 million barrels of petroleum products such as
gasoline, diesel fuel and crude oil. More information is available
at www.magellanlp.com.
Except for statements of historical fact, this news release
constitutes forward-looking statements as defined by federal law.
Although management of Magellan Midstream Partners, L.P. believes
such statements are based on reasonable assumptions, such
statements necessarily involve known and unknown risks and
uncertainties that may cause actual outcomes to be materially
different. Factors that could lead to material changes in
performance are described in Magellan's filings with the Securities
and Exchange Commission, including our Annual Report on Form 10-K
for the fiscal year ended Dec. 31,
2022. You are urged to carefully review and consider the
cautionary statements and other disclosures made in those filings,
especially under the headings "Risk Factors" and "Forward-Looking
Statements." Forward-looking statements made by Magellan in this
release are based only on information currently known, and we
undertake no obligation to revise our forward-looking statements to
reflect future events or circumstances.
Contact:
|
Paula
Farrell
|
|
(918)
574-7650
|
|
paula.farrell@magellanlp.com
|
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SOURCE Magellan Midstream Partners, L.P.