BreitBurn Energy Partners Declares Increased Cash Distribution; Announces Substantial Increase in Borrowing Base to $850M
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) announced today a cash distribution of $0.4550 per unit for the first quarter 2012, or $1.82 per unit on an annualized basis, for all of its outstanding units.
This distribution represents an increase from the fourth quarter 2011 distribution, which was $0.450 per unit, or $1.80 per unit on an annualized basis. The distribution will be payable on May 14, 2012 to the record holders of common units at the close of business on May 7, 2012.
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