NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units
March 16 2020 - 4:30PM
Business Wire
NGL Energy Partners LP (NYSE: NGL) announced today that the
Board of Directors of its general partner declared a distribution
for the quarter ending March 31, 2020 to be paid to the holders of
the Partnership’s 9.00% Class B Fixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Units (“Class B Preferred Units”)
and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Units (“Class C Preferred Units”) in accordance
with the terms outlined in NGL’s partnership agreement. Each of the
Class B Preferred Units quarterly distribution of $0.5625 per unit
and the Class C Preferred Units quarterly distribution of $0.60156
per unit will be made on April 15, 2020 to holders of record at the
close of trading on March 31, 2020.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL
owns and operates a vertically integrated energy business with
three primary businesses: water solutions, crude oil logistics and
liquids. 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: https://www.businesswire.com/news/home/20200316005817/en/
NGL Energy Partners LP Trey Karlovich, 918.481.1119 Executive
Vice President and Chief Financial Officer Trey.Karlovich@nglep.com
or Linda Bridges, 918.481.1119 Senior Vice President – Finance and
Treasurer Linda.Bridges@nglep.com
NGL Energy Partners (NYSE:NGL)
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