Enterprise GP Holdings L.P. Increases Cash Distribution Rate
July 15 2009 - 11:01AM
Business Wire
Enterprise GP Holdings L.P., (NYSE:EPE) announced today that the
board of directors of its general partner declared an increase in
the quarterly cash distribution rate paid to partners to $0.50 per
unit, or $2.00 per unit on an annualized basis. The cash
distribution will be paid on Monday, August 10, 2009, to
unitholders of record as of the close of business on Friday, July
31, 2009. This distribution represents a 13.6 percent increase from
the $0.44 per unit distribution declared with respect to the second
quarter of 2008.
Enterprise GP Holdings will announce its earnings for the second
quarter of 2009 on August 10, 2009, before the New York Stock
Exchange opens for trading.
Enterprise GP Holdings is one of the largest publicly traded GP
partnerships. It owns the general partners of Enterprise Products
Partners L.P. (NYSE:EPD) and TEPPCO Partners, L.P. (NYSE:TPP) in
addition to limited partner interests in both entities. It also
owns non-controlling general partner and limited partner interests
in Energy Transfer Equity, L.P. For more information on Enterprise
GP Holdings L.P., visit www.enterprisegp.com.
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