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 May 13, 2016, to
common unitholders of record at the close of business on May 6, 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 and also in
Canada. 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
North American 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. Any such
statements are made in reliance on the “safe harbor” protections
provided under the Private Securities Reform Act of 1995. Additional
information about issues that could lead to material changes in
performance is contained in the partnership’s annual reports filed with
the Securities and Exchange Commission.
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Copyright Business Wire 2016
Source: Business Wire
(April 26, 2016 - 5:00 PM EDT)
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