NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units

Loading...
Loading...

NGL Energy Partners LP NGL announced today that the Board of Directors of its general partner declared a distribution for the quarter ending September 30, 2018 to be paid to the holders of the Partnership's 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Class B Preferred Units") in accordance with the terms outlined in NGL's partnership agreement. The Class B Preferred Units distribution of $0.5625 per unit will be made on October 15, 2018 to holders of record on October 1, 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 Partner 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.

Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...