Teekay Offshore Partners L.P. Declares Distribution on Series A Preferred Units
July 29 2013 - 4:30PM
Marketwired
Teekay Offshore GP LLC, the general partner of Teekay Offshore
Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has
declared a cash distribution of $0.5286 per unit on its Series A
preferred units (NYSE:TOO.PR.A) for the period from April 30, 2013
to August 15, 2013. The cash distribution is payable on August 15,
2013 to all unitholders of record on August 8, 2013.
About Teekay Offshore Partners L.P.
Teekay Offshore Partners L.P. is an international provider of
marine transportation, oil production and storage services to the
offshore oil industry focusing on the fast-growing, deepwater
offshore oil regions of the North Sea and Brazil. Teekay Offshore
is structured as a publicly-traded master limited partnership (MLP)
and owns interests in 35 shuttle tankers (including four
chartered-in vessels and two committed newbuildings), five floating
production, storage and offloading (FPSO) units, seven floating
storage and offtake (FSO) units (including two committed FSO
conversion units) and five conventional oil tankers. The majority
of Teekay Offshore's fleet is employed on long-term, stable
contracts. In addition, Teekay Offshore also has rights to
participate in certain other FPSO and shuttle tanker opportunities
provided by Teekay Corporation (NYSE:TK) and Sevan Marine ASA (Oslo
Bors:SEVAN).
Teekay Offshore Partners' common units trade on the New York
Stock Exchange under the symbol "TOO".
Contacts: Teekay Offshore Partners L.P. Kent Alekson Investor
Relations Enquiries +1 (604) 609-6442 www.teekayoffshore.com
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