Vanguard Natural Resources, LLC Announces Three Monthly Cash Distributions
18 April 2014 - 6:45AM
Business Wire
Vanguard Natural Resources, LLC (NASDAQ: VNR) (“Vanguard”) has
declared a cash distribution attributable to the month of March
2014 of $0.21 per unit ($2.52 on an annual basis) payable on May
15, 2014 to unitholders of record on May 1, 2014. Vanguard also
declared a cash distribution for its 7.875% Series A Cumulative
Redeemable Perpetual Preferred Units (NASDAQ: “VNRAP”) of $0.1641
per unit payable on May 15, 2014 to unitholders of record on May 1,
2014. In addition, Vanguard had declared its first cash
distribution for its 7.625% Series B Cumulative Redeemable
Perpetual Preferred Units (NASDAQ: “VNRBP”) of $0.33889 per unit
payable on May 15, 2014 to unitholders of record on May 1, 2014.
This marks the initial distribution payment of VNRBP for the period
March 11, 2014 through May 15, 2014. Future monthly cash
distributions for VNRBP will be $0.15885 per unit.
About Vanguard Natural Resources, LLC
Vanguard Natural Resources, LLC is a publicly traded limited
liability company focused on the acquisition, production and
development of oil and natural gas properties. Vanguard's assets
consist primarily of producing and non-producing oil and natural
gas reserves located in the Green River Basin in Wyoming, the
Arkoma Basin in Arkansas and Oklahoma, the Permian Basin in West
Texas and New Mexico, the Big Horn Basin in Wyoming and Montana,
the Piceance Basin in Colorado, the Gulf Coast Basin in Texas and
Mississippi, the Williston Basin in North Dakota and Montana, the
Wind River Basin in Wyoming and the Powder River Basin in Wyoming.
More information on Vanguard can be found at www.vnrllc.com.
Forward-Looking Statements
We make statements in this news release that are considered
forward-looking statements within the meaning of the Securities
Exchange Act of 1934. These forward-looking statements are largely
based on our expectations, which reflect estimates and assumptions
made by our management. These estimates and assumptions reflect our
best judgment based on currently known market conditions and other
factors. Although we believe such estimates and assumptions to be
reasonable, they are inherently uncertain and involve a number of
risks and uncertainties that are beyond our control. In addition,
management's assumptions about future events may prove to be
inaccurate. Management cautions all readers that the
forward-looking statements contained in this news release are not
guarantees of future performance, and we cannot assure you that
such statements will be realized or the forward-looking events and
circumstances will occur. Actual results may differ materially from
those anticipated or implied in the forward-looking statements due
to factors listed in the "Risk Factors" section in our SEC filings
and elsewhere in those filings. All forward-looking statements
speak only as of the date of this news release. We do not intend to
publicly update or revise any forward-looking statements as a
result of new information, future events or otherwise.
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100.0%) of Vanguard's
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, Vanguard’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
Vanguard Natural Resources, LLCInvestor
RelationsLisa Godfrey,
832-327-2234investorrelations@vnrllc.com