Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units
January 08 2019 - 5:26PM
Teekay Offshore GP LLC, the general partner of Teekay Offshore
Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has
declared the following distributions:
Units |
Distribution Period |
Amount (Per Unit) |
Record Date |
Payment Date |
Series A Preferred Units |
November 15, 2018 to February 14, 2019 |
$0.4531 |
February 8, 2019 |
February 15, 2019 |
Series B Preferred Units |
November 15, 2018 to February 14, 2019 |
$0.5313 |
February 8, 2019 |
February 15, 2019 |
Series E Preferred Units |
November 15, 2018 to February 14, 2019 |
$0.5547 |
February 8, 2019 |
February 15, 2019 |
|
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About Teekay Offshore
Teekay Offshore Partners L.P. is a leading
international midstream services provider to the offshore oil
production industry, primarily focused on the ownership and
operation of critical infrastructure assets in offshore oil regions
of the North Sea, Brazil and the East Coast of Canada. Teekay
Offshore is structured as a publicly-traded master limited
partnership with consolidated assets of approximately $5.4 billion,
comprised of 63 offshore assets, including floating production,
storage and offloading (FPSO) units, shuttle tankers (including six
newbuildings), floating storage and offtake (FSO) units,
long-distance towing and offshore installation vessels, a unit for
maintenance and safety (UMS) and conventional tankers. The majority
of Teekay Offshore’s fleet is employed on medium-term, stable
contracts. Brookfield Business Partners L.P.
(NYSE:BBU)(TSX:BBU.UN), together with its institutional partners
(collectively Brookfield), and Teekay Corporation (NYSE:TK) own 51
percent and 49 percent, respectively, of Teekay Offshore’s general
partner.
Teekay Offshore's common units and preferred
units trade on the New York Stock Exchange under the symbols "TOO",
"TOO PR A", "TOO PR B" and “TOO PR E”, respectively.
For Investor Relationsenquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website:
www.teekay.com
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