JP Energy Partners LP (“JPE”) (NYSE:JPEP) announced today that the Board
of Directors of its general partner has declared a cash distribution for
the fourth quarter of 2015 of $0.3250 per unit. This distribution
corresponds to the minimum quarterly distribution of $0.3250 per unit,
or $1.30 per unit on an annualized basis. The distribution will be paid
on February 12, 2016 to all unitholders of record on February 5, 2016.
Tax Notice
This release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b) (4) and (d). Please note
that 100% of JPE's distributions to foreign investors are attributable
to income that is effectively connected with a United States trade or
business. Accordingly, all of JPE's distributions to foreign investors
are subject to federal income tax withholding at the highest effective
tax rate for individuals or corporations, as applicable. Nominees, and
not JPE, are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors.
About JP Energy Partners LP
JP Energy Partners LP (JPEP) is a publicly traded, growth-oriented
limited partnership that owns, operates, develops and acquires a
diversified portfolio of midstream energy assets. Our operations
currently consist of: (i) crude oil pipelines and storage; (ii) refined
products terminals and storage; and (iii) NGL distribution and sales,
which together provide midstream infrastructure solutions for the
growing supply of crude oil, refined products and NGLs in the United
States. To learn more, please visit our website at www.jpenergypartners.com.
Forward looking statements
This press release may include forward-looking statements within the
meaning of the federal securities laws. Statements that do not relate
strictly to historical or current facts are forward-looking. These
statements contain words such as "possible," "if," "will" and "expect"
and involve risks and uncertainties including, among others, that JPE's
business plans may change as circumstances warrant. When considering
these forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in each of JPE’s documents and
reports filed with the Securities and Exchange Commission. Any
forward-looking statement applies only as of the date on which such
statement is made and JPE undertakes no obligation and does not intend
to correct or update these forward-looking statements to reflect events
or circumstances occurring after this press release except as required
by law. You are cautioned not to place undue reliance on these
forward-looking statements.
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Copyright Business Wire 2016
Source: Business Wire
(January 26, 2016 - 5:00 PM EST)
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