DALLAS, Oct. 26, 2016 /PRNewswire/ -- Sunoco LP
(NYSE: SUN) ("SUN") announced that the Board of Directors of its
general partner declared a quarterly distribution for the third
quarter of 2016 of $0.8255 per common
unit, which corresponds to $3.3020
per common unit on an annualized basis. The third quarter
distribution is unchanged from the second quarter 2016 distribution
and reflects a 10.7 percent increase compared to the distribution
for the third quarter of 2015. The distribution will be
paid on November 15, 2016 to common
unitholders of record on November 7,
2016.
SUN will release its third quarter 2016 financial and operating
results after the market closes on Wednesday, November 9. In conjunction with the
news release, management will hold a conference call on
Thursday, November 10, at
9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss SUN's
results.
By
Phone:
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Dial 412-902-0003 at
least 10 minutes before the call. A replay will be available
through November 17 by dialing 201-612-7415 and using the
conference ID 13648148#.
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|
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By
Webcast:
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Connect to the
webcast via the Events and Presentations pages of SUN's Investor
Relations website at www.SunocoLP.com . Please log in at least 10
minutes in advance to register and download any necessary
software. A replay will be available shortly after the
call.
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Sunoco LP (NYSE: SUN) is a master limited partnership
that operates approximately 1,340 retail fuel sites and convenience
stores (including APlus, Stripes, Aloha Island Mart and Tigermarket
brands) and distributes motor fuel to convenience stores,
independent dealers, commercial customers and distributors located
in more than 30 states at approximately 6,900 sites. Our parent --
Energy Transfer Equity, L.P. (NYSE: ETE) -- owns Sunoco's general
partner and incentive distribution rights.
Qualified Notice
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
100 percent of SUN's distributions to non-U.S. investors as being
attributable to income that is effectively connected with a
United States trade or business.
Accordingly, SUN's distributions to non-U.S. investors are subject
to federal income tax withholding at the highest applicable
effective tax rate.
Contacts
Scott Grischow, Senior Director –
Investor Relations and Treasury
(469) 646-1188, scott.grischow@sunoco.com
Patrick Graham, Senior Analyst –
Investor Relations and Finance
(469) 646-1328, patrick.graham@sunoco.com
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SOURCE Sunoco LP