Blueknight Energy Partners, L.P. (NASDAQ: BKEP) (Common Units) (NASDAQ:
BKEPP) (Preferred Units) ("BKEP" or the "Partnership"), announced today
that the board of directors of its general partner has declared a
quarterly cash distribution on the Partnership’s common units of $0.1450
per common unit, unchanged from the Partnership’s second quarter 2017
distribution, as well as a quarterly cash distribution on the
Partnership’s preferred units of $0.17875 per preferred unit. The
distributions are payable on November 14, 2017, on all outstanding
common and preferred units to unitholders of record as of the close of
business on November 3, 2017.
Forward-Looking Statements and Treasury Regulation Notice
This release may include forward-looking statements. Statements included
in this release that are not historical facts are forward-looking
statements. Such forward-looking statements are subject to various risks
and uncertainties. These risks and uncertainties include, among other
things, uncertainties relating to the Partnership's future cash flows
and operations, the Partnership's ability to pay future distributions,
future market conditions, current and future governmental regulation,
future taxation and other factors discussed in the Partnership's filings
with the Securities and Exchange Commission. If any of these risks or
uncertainties materializes, or should underlying assumptions prove
incorrect, actual results or outcomes may vary materially from those
expected. The Partnership undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b) (4) and (d). Brokers and nominees should
treat one hundred percent (100.0%) of BKEP's distributions to foreign
investors as being attributable to income that is effectively connected
with a United States trade or business. Accordingly, BKEP's
distributions to foreign investors are subject to federal income tax
withholding at the highest applicable effective tax rate. Nominees, and
not BKEP, are treated as withholding agents responsible for withholding
on the distributions received by them on behalf of foreign investors.
About Blueknight Energy Partners, L.P.
BKEP owns and operates a diversified portfolio of complementary
midstream energy assets consisting of approximately 9.6 million barrels
of combined asphalt product and residual fuel oil storage located at 54
terminals in 26 states, 7.0 million barrels of crude oil storage located
in Oklahoma and Texas, approximately 6.6 million barrels of which are
located at the Cushing, Oklahoma, Interchange, approximately 670 miles
of crude oil pipeline located primarily in Oklahoma and Texas and
approximately 200 crude oil transportation and oilfield services
vehicles deployed in Kansas, Oklahoma and Texas. BKEP provides
integrated services for companies engaged in the production,
distribution and marketing of crude oil, asphalt and other petroleum
products. BKEP is headquartered in Oklahoma City, Oklahoma. For more
information, visit the Partnership's web site at www.bkep.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171018006647/en/
Copyright Business Wire 2017
Source: Business Wire
(October 18, 2017 - 5:49 PM EDT)
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