NGL Energy Partners LP: NGL Energy Partners LP Announces Quarterly Cash Distribution for Class B and Class C Preferred Units

Tickers: NGL
TULSA, Okla.--(BUSINESS WIRE)--Jun. 14, 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 June 30, 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') and the 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ('Class C Preferred Units') in accordance with the terms outlined in NGL's partnership agreement. Each of the Class B Preferred Units distributions of $0.5625 per unit and the Class C Preferred Units distributions of $0.59488 per unit will be made on July 15, 2019 to holders of record on July 1, 2019.

About NGL Energy Partners LP

Top Company Interviews

Microsoft Corporation
Intel Corporation
Pfizer, Inc.
General Electric Company
Wal-Mart Stores, Inc.
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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190614005507/en/

Source: NGL Energy Partners LP

NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Executive Vice President and Chief Financial Officer
Trey.Karlovich@nglep.com
or
Linda Bridges, 918.481.1119
Senior Vice President - Finance and Treasurer
Linda.Bridges@nglep.com

Disclaimer

NGL Energy Partners LP published this content on 14 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2019 22:29:05 UTC