Enviva Partners, LP Announces Twelfth Consecutive Distribution Increase
BETHESDA, Md.--(BUSINESS WIRE)--Aug 1, 2018--Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced today that the board of directors of its general partner declared a quarterly distribution of $0.63 per common unit for the second quarter of 2018. This distribution is 10.5 percent higher than the distribution for the second quarter of 2017 and represents the Partnership’s twelfth consecutive distribution increase. The quarterly distribution will be paid on Wednesday, August 29, 2018, to unitholders of record as of the close of business on Wednesday, August 15, 2018.
About Enviva Partners, LP
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay agreements with creditworthy customers in the United Kingdom and Europe. The Partnership owns and operates six plants with a combined production capacity of nearly three million metric tons of wood pellets per year in Virginia, North Carolina, Mississippi, and Florida. In addition, the Partnership exports wood pellets through its owned marine terminal assets at the Port of Chesapeake, Virginia, and the Port of Wilmington, North Carolina and from third-party marine terminals in Mobile, Alabama and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b)(4). Brokers and nominees should treat 100 percent of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
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CONTACT: Enviva Partners, LP
Raymond Kaszuba, 240-482-3856
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES FOREST PRODUCTS
SOURCE: Enviva Partners, LP
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PUB: 08/01/2018 02:45 PM/DISC: 08/01/2018 02:45 PM