Inergy Midstream, L.P. Declares Increase in Quarterly Cash Distribution
The Board of Directors of NRGM GP, LLC, general partner of Inergy Midstream, L.P. (NYSE: NRGM), announced that it has declared the company's quarterly cash distribution of $0.385 per limited partner unit ($1.54 annually) for the quarter ended September 30, 2012. The distribution will be paid on November 14, 2012, to unitholders of record as of November 7, 2012.
About Inergy Midstream, L.P.
Inergy Midstream, L.P., headquartered in Kansas City, Missouri, is a master limited partnership engaged in the development and operation of natural gas and NGL storage and transportation assets. Our assets are located in the Northeast region of the United States.
This press release contains forward-looking statements, which are statements that are not historical in nature. Forward-looking statements are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or any underlying assumption proves incorrect, actual results may vary materially from those anticipated, estimated, or projected. Among the key factors that could cause actual results to differ materially from those referred to in the forward-looking statements are: changes in general and local economic conditions; competitive conditions within our industry; our ability to complete internal growth projects on time and on budget; the price and availability of debt and equity financing; the effects of existing and future governmental legislation and regulations; and natural disasters, weather-related delays, casualty losses, and other matters beyond our control. These and other risks and assumptions are described in Inergy Midstream's prospectus dated December 15, 2011, filed with the United States Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act on December 16, 2011. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's view only as of the date made. We undertake no obligation to update any forward-looking statement, except as otherwise required by law.
Corporate news, unit prices, and additional information about Inergy Midstream, including reports from the United States Securities and Exchange Commission, are available on the company's website, www.inergylp.com. For more information, contact Vince Grisell in Inergy Midstream's Investor Relations Department at 816-842-8181 or via e-mail at email@example.com.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent of Inergy Midstream's distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Inergy Midstream's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Inergy Midstream, L.P.
Vince Grisell, 816-842-8181