HOUSTON, Oct. 27, 2015 (GLOBE NEWSWIRE) — Memorial Production Partners LP (MEMP) announced today that the board of directors of its general partner has approved management’s recommendation and declared a cash distribution of $0.30 per unit for the third quarter of 2015. This distribution represents an annualized amount of $1.20 per unit and will be paid on November 12, 2015 to unitholders of record as of the close of business on November 5, 2015.
MEMP also announced today that it will report third quarter 2015 financial and operating results before the market opens for trading on November 4, 2015. Following the announcement, management will host a third quarter 2015 earnings conference call at 10 a.m. CT. Interested parties are invited to participate on the call by dialing (844) 735-9435 (Conference ID: 48792750) at least 15 minutes prior to the start of the call or via the internet at www.memorialpp.com. A replay of the call will be available on MEMP’s website or by phone at (855) 859-2056 (Conference ID: 48792750) for a seven-day period following the call.
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 MEMP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of MEMP’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 MEMP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
Memorial Production Partners LP is a publicly traded partnership engaged in the acquisition, production and development of oil and natural gas properties in the United States. MEMP’s properties consist of mature, legacy oil and natural gas fields. MEMP is headquartered in Houston, Texas. For more information, visit www.memorialpp.com.