03/15/2019 | Press release | Distributed by Public on 03/15/2019 15:17
TULSA, Okla.--(BUSINESS WIRE)--Mar. 15, 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 March 31, 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') 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 April 15, 2019, to holders of record on April 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
Linda Bridges, 918.481.1119
Senior Vice President - Finance and Treasurer