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

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NGL Energy Partners LP (NYSE:NGL) announced today that the Board of Directors of its general partner declared a distribution for the quarter ending March 31, 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”) 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 April 15, 2019, to holders of record on April 1, 2019.

About NGL Energy Partners LP

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.

More news and information about NGL Energy Partners LP

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Business Wire: 21:00 GMT Friday 15th March 2019

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