Sanchez Midstream Partners Declares Distribution on Common Units; Announces Distribution on Class B Preferred Units
09 August 2018 - 6:30AM
Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the
“Partnership”) announced today that the board of directors of its
general partner has declared a quarterly cash distribution on its
common units of $0.4508 per unit ($1.8032 per unit annualized).
The board of directors of the general partner
has also declared a distribution to the holders of its Class B
preferred units equal to 310,009 Class B Preferred PIK Units and a
cash distribution of $0.22580 per Class B preferred unit.
The distributions are payable on Aug. 31, 2018
to holders of record on Aug. 21, 2018.
About the PartnershipSanchez
Midstream Partners LP (NYSE American: SNMP) is a growth-oriented
publicly-traded limited partnership focused on the acquisition,
development, ownership and operation of midstream and other energy
related assets in North America. The Partnership has
ownership stakes in oil and natural gas gathering systems, natural
gas pipelines, and a natural gas processing facility, all located
in the Western Eagle Ford in South Texas.
Additional
InformationAdditional information about SNMP can be found
in the Partnership’s documents on file with the U.S. Securities and
Exchange Commission (www.sec.gov) and in the “Investor
Presentation” available on the Partnership’s website
(www.sanchezmidstream.com).
This press release is intended to be a qualified
notice under Treasury Regulation Section 1.1446-4(b) and (d).
Brokers and nominees are treated as withholding agents responsible
for withholding distributions received by them on behalf of foreign
investors and should treat one hundred percent (100.0%) of SNMP’s
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, SNMP’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
Forward-Looking StatementsThis
press release contains statements that are considered
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond our control. All of
these types of statements, other than statements of historical fact
included in this press release, are forward-looking
statements. Actual results may differ materially from those
anticipated or implied in the forward-looking statements. The
forward-looking statements speak only as of the date made, and
other than as required by law, we do not intend to publicly update
or revise any forward-looking statements as a result of new
information, future events or otherwise.
PARTNERSHIP CONTACT
Kevin SmithVP of Investor Relations(281) 925-4828
General Inquiries: (713) 783-8000
www.sanchezmidstream.com
Evolve Transition Infras... (AMEX:SNMP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Evolve Transition Infras... (AMEX:SNMP)
Historical Stock Chart
From Jul 2023 to Jul 2024