Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units
HAMILTON, BERMUDA--(Marketwired - Apr 3, 2017) - Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) TOO, has declared the following distributions for the period from February 15, 2017 to May 14, 2017:
Units | Amount | Record Date | Payment Date | Payment Type | ||||
Series A Preferred Units | $0.4531 per unit | May 8, 2017 | May 15, 2017 | Cash | ||||
Series B Preferred Units | $0.5313 per unit | May 8, 2017 | May 15, 2017 | Cash | ||||
Series C-1 Preferred Units | $0.5149 per unit | May 8, 2017 | May 15, 2017 | New common units | ||||
Series D Preferred Units | $0.6563 per unit | May 8, 2017 | May 15, 2017 | New common units |
About Teekay Offshore
Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 62 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.
Teekay Offshore Partners' common units and Series A and B preferred units trade on the New York Stock Exchange under the symbol "TOO", "TOO PR A" and "TOO PR B", respectively.
Investor Relations Enquiries:
Ryan Hamilton
+1 (604) 609-6442
www.teekay.com
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