Shell Midstream Partners, L.P. Declares Distribution of $0.46 Per Limited Partner Common Unit
22 April 2021 - 10:00PM
Shell Midstream Partners, L.P.
(NYSE: SHLX) (the “Partnership”) announces that the Board of
Directors of its general partner declared a cash distribution of
$0.4600 per limited partner common unit for the first quarter of
2021. The distribution will be paid May 14, 2021 to unitholders of
record as of May 4, 2021.TAX CONSIDERATIONSThis release is intended
to be a qualified notice to nominees as provided for under Treasury
Regulation Section 1.1446-4(b)(4) and (d). Please note that 100
percent of the Partnership’s distributions to foreign investors are
attributable to income that is effectively connected with a U.S.
trade or business. Accordingly, all of the Partnership’s
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable. Nominees, and not the Partnership,
are treated as the withholding agents responsible for withholding
on the distributions received by them on behalf of foreign
investors.# # #About Shell Midstream Partners,
L.P.Shell Midstream Partners, L.P., headquartered in
Houston, Texas, owns, operates, develops and acquires pipelines and
other midstream and logistics assets. The Partnership’s assets
include interests in entities that own (a) crude oil and refined
products pipelines and terminals that serve as key infrastructure
to transport onshore and offshore crude oil production to Gulf
Coast and Midwest refining markets and deliver refined products
from those markets to major demand centers and (b) storage tanks
and financing receivables that are secured by pipelines, storage
tanks, docks, truck and rail racks and other infrastructure used to
stage and transport intermediate and finished products. The
Partnership’s assets also include interests in entities that own
natural gas and refinery gas pipelines that transport offshore
natural gas to market hubs and deliver refinery gas from refineries
and plants to chemical sites along the Gulf Coast. For more
information on Shell Midstream Partners, L.P. and the assets owned
by the Partnership, please visit www.shellmidstreampartners.com.
Inquiries: Shell Media Relations Americas: +1 832 337
4355 Shell Investor Relations North
America: +1 832 337 2034 |
* SHELL and the SHELL Pecten are registered trademarks of Shell
Trademark Management, B.V. used under license.
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