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 Partnerships 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Class B Preferred Units) in accordance with the terms outlined in NGLs 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 Partnerships 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 LPs 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.
NGL Energy Partners LP
Trey Karlovich, 918.481.1119
Vice President and Chief Financial Officer
Senior Vice President – Finance and Treasurer