Teekay Offshore Partners Declares Distribution on Series A Preferred Units
January 15 2014 - 4:15PM
Marketwired
Teekay Offshore Partners Declares Distribution on Series A
Preferred Units
HAMILTON, BERMUDA--(Marketwired - Jan 15, 2014) - 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 $0.4531 per unit on
the Partnership's Series A preferred units (NYSE:TOO.PR.A) for the
period from November 15, 2013 to February 15, 2014. The cash
distribution is payable on February 15, 2014 to all unitholders of
record on January 31, 2014.
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 34 shuttle tankers (including
two chartered-in vessels), five floating production, storage and
offloading (FPSO) units, six floating storage and offtake
(FSO) units (including one committed FSO conversion unit),
four conventional oil tankers and one HiLoad Dynamic Positioning
(DP) unit. 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,
shuttle tanker and HiLoad DP opportunities provided by Teekay
Corporation (NYSE: TK), Sevan Marine ASA (Oslo Bors: SEVAN) and
Remora AS.
Teekay Offshore Partners' common units and preferred units trade
on the New York Stock Exchange under the symbols "TOO" and "TOO PR
A", respectively.
Teekay Offshore Partners L.P.Ryan HamiltonInvestor Relations
Enquiries+1 (604) 609-6442www.teekayoffshore.com
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