Green Plains Partners Announces Quarterly Distribution
21 July 2023 - 6:20AM
Business Wire
Green Plains Partners LP (NASDAQ:GPP) today announced that the
Board of Directors of its general partner declared a quarterly cash
distribution of $0.455 per unit on all of its outstanding common
units for the second quarter of 2023, or $1.82 per unit on an
annualized basis. The distribution is payable on August 11, 2023,
to unitholders of record at the close of business on August 4,
2023.
Qualified Notice
This release serves as qualified notice to brokers and nominees
under Treasury Regulation Section 1.1446-4(b). Please note that
100% of Green Plains Partners’ distributions to non-U.S. investors
are attributable to income that is effectively connected with a
United States trade or business. Accordingly, all of the
Partnership’s distributions to non-U.S. investors are subject to
U.S. federal income tax withholding at the highest applicable
effective tax rate.
This release also serves as qualified notice that the 10%
exception to withholding described in Treasury Regulation Section
1.1446(f)-4(b)(3) does not apply. Furthermore, 100% of
distributions to foreign investors is in excess of cumulative net
income for purposes of Treasury Regulation Section
1.1446(f)-4(c)(2)(iii). Brokers and nominees must withhold the
maximum amount under Treasury Regulation Section 1.1446(f).
About Green Plains Partners LP
Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware
limited partnership formed by Green Plains Inc. to provide fuel
storage and transportation services by owning, operating,
developing and acquiring ethanol and fuel storage terminals,
transportation assets and other related assets and businesses. For
more information about Green Plains Partners, visit
www.greenplainspartners.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230720667151/en/
Green Plains Inc. Contacts Investors: Phil Boggs |
Executive Vice President, Investor Relations | 402.884.8700 |
phil.boggs@gpreinc.com Media: Lisa Gibson | Communications
Manager | 402.952.4971 | lisa.gibson@gpreinc.com
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