Williams Partners L.P. (NYSE: WPZ) today announced a regular quarterly
cash distribution of $0.85 per unit for its common unitholders. The
distribution is consistent with the prior quarter.
The board of directors of the partnership's general partner has approved
the quarterly cash distribution, which is payable on Nov. 11, 2016, to
common unitholders of record at the close of business on Nov. 4, 2016.
This announcement is intended to be a qualified notice to nominees under
Treasury Regulation Section 1.1446-4(b)(4) and (d). The partnership’s
distributions to foreign investors, which are attributable to income
that is effectively connected with a U.S. trade or business, are subject
to withholding under U.S. law. In light of the uncertainty at the time
of making distributions regarding the portion of any distribution that
is attributable to income that is not effectively connected with a U.S.
trade or business, we treat all of our distributions as attributable to
U.S. operations. Accordingly, the entire amount of the partnership's
distributions to foreign investors is subject to federal income tax
withholding at the highest effective tax rate. Nominees, and not
Williams Partners L.P., are treated as withholding agents responsible
for withholding on the distributions received by them on behalf of
foreign investors.
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap natural
gas infrastructure master limited partnership with a strong growth
outlook and major positions in key U.S. supply basins. Williams Partners
has operations across the natural gas value chain from gathering,
processing and interstate transportation of natural gas and natural gas
liquids to petchem production of ethylene, propylene and other olefins.
Williams Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest growing
pipeline – providing natural gas for clean-power generation, heating and
industrial use. Williams Partners’ operations touch approximately 30
percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a
premier provider of large-scale U.S. natural gas infrastructure, owns 60
percent of Williams Partners, including all of the 2 percent
general-partner interest. www.williams.com
Portions of this document may constitute “forward-looking statements”
as defined by federal law. Although the partnership believes any such
statements are based on reasonable assumptions, there is no assurance
that actual outcomes will not be materially different. Additional
information about issues that could lead to material changes in
performance is contained in the partnership’s annual and quarterly
reports filed with the Securities and Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006589/en/
Copyright Business Wire 2016
Source: Business Wire
(October 25, 2016 - 4:30 PM EDT)
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