DENVER, Oct. 23, 2014 /PRNewswire/ -- QEP Midstream
Partners, LP (NYSE: QEPM) ("QEPM" or the "Partnership") today
announced that the Board of Directors of the General Partner of the
Partnership declared a cash distribution of $0.30 per unit for the third quarter of 2014. The
quarterly distribution will be paid on November 14, 2014, to unitholders of record as of
the close of business on November 4,
2014.
About QEP Midstream Partners, LP
QEP Midstream Partners, LP is a master limited partnership
formed by QEP Resources, Inc. (NYSE: QEP) to own, operate, acquire
and develop midstream assets. The Partnership provides
midstream gathering and processing services to QEP and third-party
companies in the Green River, Uinta and Williston basins. Further
information about the Partnership is available at www.qepm.com.
Notice
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b) and (d). Nominees should
treat one hundred percent (100.0%) of QEPM's distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United
States trade or business. Accordingly, QEPM's distributions
to non-U.S. investors are subject to federal income tax withholding
at the highest applicable effective tax rate.
Safe Harbor Statement regarding Forward-Looking
Statements
This release includes forward-looking statements within the
meaning of Section 27(a) of the Securities Act of 1933, as amended,
and Section 21(e) of the Securities Exchange Act of 1934, as
amended. Forward-looking statements can be identified by
words such as "anticipates," "believes," "forecasts," "plans,"
"estimates," "expects," "should," "will" or other similar
expressions. Such statements are based on management's
current expectations, estimates and projections, which are subject
to a wide range of uncertainties and business risks. These
forward-looking statements include statements regarding the
Partnership's payment of its quarterly distribution. Actual
results may differ materially from those included in the
forward-looking statements due to a number of factors, including
weather conditions, global geopolitical and macroeconomic factors,
the U.S. federal budget and debt ceiling crisis, acts of terrorism,
and the other risks discussed in the Partnership's filings with the
Securities and Exchange Commission, including the Risk Factors
section of the Partnership's Annual Report on Form 10-K for the
year ended December 31, 2013.
The Partnership undertakes no obligation to publicly correct or
update the forward-looking statements in this news release, in
other documents, or on the website to reflect future events or
circumstances. All such statements are expressly qualified by
this cautionary statement.
Contact
William I. Kent
Director, Investor Relations
303-405-6665
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SOURCE QEP Midstream Partners, LP