NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units
December 17 2020 - 6:35AM
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 December 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 January 15, 2021
to holders of record on January 1, 2021.
About NGL Energy Partners LP
NGL Energy Partners LP, a Delaware limited partnership, is a
diversified midstream energy company that transports, stores,
markets and provides other logistics services for crude oil,
natural gas liquids and other products and transports, treats and
disposes of water generated as part of the oil and natural gas
production process. 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/20201217005318/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
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