NGL Energy Partners LP

06/14/2019 | Press release | Distributed by Public on 06/14/2019 16:27

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

TULSA, Okla.--(BUSINESS WIRE)--Jun. 14, 2019-- NGL Energy Partners LP (NYSE: NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending June 30, 2019 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') and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ('Class C Preferred Units') in accordance with the terms outlined in NGL's partnership agreement. Each of the Class B Preferred Units distributions of $0.5625 per unit and the Class C Preferred Units distributions of $0.59488 per unit will be made on July 15, 2019 to holders of record on July 1, 2019.

About NGL Energy Partners LP

NGL Energy Partners LP is a Delaware limited partnership. NGL owns and operates a vertically integrated energy business with four primary businesses: water solutions, crude oil logistics, NGL logistics and refined products/renewables. 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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Source: NGL Energy Partners LP

NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Executive Vice President and Chief Financial Officer
[email protected]
or
Linda Bridges, 918.481.1119
Senior Vice President - Finance and Treasurer
[email protected]