NGL Energy Partners LP (NYSE: NGL) (the “Partnership” or “NGL”)
announced today that the Board of Directors of its general partner
declared a quarterly distribution of $0.39 per unit, or $1.56 per unit
on an annualized basis, for the quarter ended December 31, 2017. This
cash distribution is payable on February 14, 2018 to common unitholders
of record at the close of business on February 6, 2018.
Additionally, the Board of Directors declared a distribution for the
quarter ended December 31, 2017 to be paid to the holders of the Class A
Preferred Units according to the terms outlined in NGL's Partnership
Agreement. The Class A Preferred distribution will also be paid on
February 14, 2018.
About NGL Energy Partners LP
NGL Energy Partners LP is a Delaware limited partnership. NGL owns and
operates a vertically integrated energy business with five primary
businesses: water solutions, crude oil logistics, NGL logistics, refined
products/renewables and retail propane. For further information, visit
the Partnership’s website at www.nglenergypartners.com.
This release is a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat 100% of NGL Energy
Partners LP’s distributions to foreign investors as being attributable
to income that is effectively connected with a United States trade or
business. Therefore, distributions to foreign investors are
subject to federal income tax withholding at the highest applicable
effective tax rate.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180123006641/en/
Copyright Business Wire 2018
Source: Business Wire
(January 23, 2018 - 8:49 PM EST)
News by QuoteMedia
www.quotemedia.com
