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, 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 July 16, 2018 to
holders of record on July 2, 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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