Chesapeake Midstream Partners, L.P. Declares Initial Distribution
27 October 2010 - 7:15AM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
that the Board of Directors of its general partner declared a
prorated quarterly distribution for the 2010 third quarter.
The distribution is the first declared by the Partnership and
corresponds to a quarterly distribution of $0.3375 per unit, or
$1.35 per unit on an annualized basis. The initial distribution of
$0.2165 per unit was prorated for the 59-day period from the date
of the closing of the Partnership’s initial public offering on
August 3, 2010 through September 30, 2010 pursuant to the terms of
the limited partnership agreement. The distribution will be payable
on November 12, 2010 to all unitholders of record at the close of
business on November 5, 2010, together with the distribution to the
general partner.
Chesapeake Midstream Partners, L.P. is one of the industry’s
largest midstream master limited partnerships and owns, operates,
develops and acquires natural gas gathering systems and other
midstream energy assets. Headquartered in Oklahoma City, the
Partnership's operations are focused on the Barnett Shale and
Mid-Continent regions of the U.S. Further information is
available at www.chkm.com.
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