NGL Energy Partners Announces Quarterly Cash Distribution
October 20 2016 - 6:18PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner has declared a quarterly
distribution of $0.39 per unit, or $1.56 on an annualized basis,
for the quarter ended September 30, 2016. This cash distribution is
payable on November 14, 2016 to common unitholders of record at the
close of business on November 4, 2016.
Additionally, the Board of Directors declared a distribution for
the quarter ended September 30, 2016 to be paid to the holders of
the Class A Preferred Units according to the terms outlined in the
Partnership Agreement. The Class A Preferred distribution will also
be made on November 14, 2016.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with five
primary businesses: water solutions, crude oil logistics, NGL
logistics, refined products/renewables and retail propane. For
further information, visit the Partnership’s website at
www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat 100% of NGL
Energy Partner LP’s distributions to foreign investors as being
attributable to income that is effectively connected with a United
States trade or business. Therefore, distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
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version on businesswire.com: http://www.businesswire.com/news/home/20161020006692/en/
NGL Energy Partners LPTrey Karlovich, 918-481-1119Executive Vice
President and Chief Financial
OfficerTrey.Karlovich@nglep.comorLinda Bridges, 918-481-1119Vice
President – Finance and TreasurerLinda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
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