NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B Preferred Units
TULSA, Okla.--(BUSINESS WIRE)--Dec 17, 2018--NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending December 31, 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 January 15, 2019 to holders of record on December 31, 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.
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CONTACT: NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Executive Vice President and Chief Financial Officer
Linda Bridges, 918.481.1119
Senior Vice President – Finance and Treasurer
KEYWORD: UNITED STATES NORTH AMERICA OKLAHOMA
INDUSTRY KEYWORD: ENERGY OIL/GAS
SOURCE: NGL Energy Partners LP
Copyright Business Wire 2018.
PUB: 12/17/2018 11:52 AM/DISC: 12/17/2018 11:52 AM