January 24, 2017 - 4:33 PM EST
Print Email Article Font Down Font Up Charts

Williams Partners Announces Quarterly Cash Distribution

Williams Partners L.P. (NYSE: WPZ) today announced a regular quarterly cash distribution of $0.85 per unit for its common unitholders.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Feb. 10, 2017, to common unitholders of record at the close of business on Feb. 3, 2017.

This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d). The partnership’s distributions to foreign investors, which are attributable to income that is effectively connected with a U.S. trade or business, are subject to withholding under U.S. law. In light of the uncertainty at the time of making distributions regarding the portion of any distribution that is attributable to income that is not effectively connected with a U.S. trade or business, we treat all of our distributions as attributable to U.S. operations. Accordingly, the entire amount of the partnership's distributions to foreign investors is subject to federal income tax withholding at the highest effective tax rate. Nominees, and not Williams Partners L.P., are treated as withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

About Williams Partners

Williams Partners is an industry-leading, large-cap natural gas infrastructure master limited partnership with a strong growth outlook and major positions in key U.S. supply basins. Williams Partners has operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams Partners’ operations touch approximately 30 percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of large-scale U.S. natural gas infrastructure, owns approximately 74 percent of Williams Partners.

Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership’s annual and quarterly reports filed with the Securities and Exchange Commission.

Williams Partners L.P.
Media Contact:
Keith Isbell, 918-573-7308
Investor Contacts:
John Porter, 918-573-0797
Brett Krieg, 918-573-4614

Source: Business Wire (January 24, 2017 - 4:33 PM EST)

News by QuoteMedia

Legal Notice