Treasury regulations

Dorchester Minerals, L.P. Announces Its First Quarter Distribution

Retrieved on: 
Thursday, April 18, 2024
Treasury, Acquisition, Treasury regulations

DALLAS, April 18, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s first quarter 2024 cash distribution.

Key Points: 
  • DALLAS, April 18, 2024 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s first quarter 2024 cash distribution.
  • Cash receipts attributable to the Partnership’s Royalty Properties during the first quarter totaled approximately $24.5 million.
  • Cash receipts attributable to the Partnership’s Net Profits Interest during the first quarter totaled approximately $6.8 million.
  • Nominees, and not Dorchester Minerals, L.P., are treated as withholding agents responsible for withholding on distributions received by them on behalf of non-U.S. investors.

Westlake Chemical Partners LP Announces First Quarter 2024 Distribution

Retrieved on: 
Tuesday, April 30, 2024
Chemicals, Plastics, Manufacturing, Partnership, WLKP, Treasury regulations

The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit.

Key Points: 
  • The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit.
  • This is the 39th quarterly distribution announced by the Partnership since its initial public offering.
  • The distribution will be payable on May 29, 2024, to unit holders of record on May 13, 2024.
  • Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Cheniere Partners Declares Quarterly Distributions

Retrieved on: 
Monday, April 29, 2024
Oil, Gas, Energy, Treasury, Calendar, Person, Treasury regulations

The portion of our quarterly cash distributions that are paid to foreign persons will generally be subject to US withholding tax.

Key Points: 
  • The portion of our quarterly cash distributions that are paid to foreign persons will generally be subject to US withholding tax.
  • Please note that 100 percent of Cheniere Partners’ distributions to foreign investors are attributable to income that is effectively connected with a US trade or business and subject to withholding under Treasury Regulation Sections 1.1446-1 – 1.1446-6.
  • Accordingly, all of Cheniere Partners’ distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
  • Furthermore, 100 percent of Cheniere Partners’ distributions to foreign investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).

Alliance Resource Partners, L.P. Declares Quarterly Distribution of $0.70 Per Unit

Retrieved on: 
Friday, April 26, 2024
Other Energy, Mining, Minerals, Oil, Gas, Coal, Energy, Natural Resources, Treasury regulations

ARLP unitholders of record as of the close of trading on May 8, 2024 will receive a cash distribution for the 2024 Quarter of $0.70 per unit (an annualized rate of $2.80 per unit), payable on May 15, 2024.

Key Points: 
  • ARLP unitholders of record as of the close of trading on May 8, 2024 will receive a cash distribution for the 2024 Quarter of $0.70 per unit (an annualized rate of $2.80 per unit), payable on May 15, 2024.
  • The announced distribution is consistent with the cash distributions of $0.70 per unit for the quarters ended March 31, 2023 and December 31, 2023.
  • To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call.
  • Nominees, and not ARLP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.

Global Partners Declares First-Quarter 2024 Cash Distribution of $0.7100 on Common Units

Retrieved on: 
Thursday, April 25, 2024
Retail, Automotive, Convenience Store, Oil, Gas, Energy, Alternative Vehicles, Fuels, Global Partners, Partner, Treasury regulations

Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.7100 per unit ($2.84 per unit on an annualized basis) on all of its outstanding common units from January 1, 2024 through March 31, 2024.

Key Points: 
  • Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.7100 per unit ($2.84 per unit on an annualized basis) on all of its outstanding common units from January 1, 2024 through March 31, 2024.
  • The distribution will be paid on May 15, 2024 to unitholders of record as of the close of business on May 9, 2024.
  • Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold Global Partners LP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).
  • Nominees, and not Global Partners LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.

Energy Transfer Announces Increase in Quarterly Cash Distribution

Retrieved on: 
Wednesday, April 24, 2024
Oil, Gas, Energy, Transfer, NGL, News, Treasury, Annual report, Security (finance), Partnership, Transport, Energy Transfer Partners, SUN, Treasury regulations, Sunoco, USAC, Propane

Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit ($1.27 on an annualized basis) for the first quarter ended March 31, 2024.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit ($1.27 on an annualized basis) for the first quarter ended March 31, 2024.
  • This cash distribution per Energy Transfer common unit will be paid on May 20, 2024 to unitholders of record as of the close of business on May 13, 2024, and is an increase of 3.3 percent as compared to the first quarter of 2023.
  • In addition, as previously announced, Energy Transfer plans to release earnings for the first quarter of 2024 on Wednesday, May 8, 2024, after the market closes.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure.

Energy Transfer LP Announces Cash Distribution on Series I Preferred Units

Retrieved on: 
Friday, April 19, 2024
Oil, Gas, Energy, Transfer, NGL, News, Treasury, Annual report, Security (finance), Partnership, Transport, Energy Transfer Partners, SUN, Treasury regulations, Sunoco, USAC, Series

Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI).

Key Points: 
  • Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI).
  • The cash distribution for the Series I unitholders will be paid on May 15, 2024 to Series I unitholders of record as of the close of business on May 1, 2024.
  • In addition, on March 20, 2024, Energy Transfer LP (NYSE: ET) issued a notice to redeem all of its outstanding Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Units”) on May 15, 2024 at a redemption price per Unit of $25.00.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with more than 125,000 miles of pipeline and associated energy infrastructure.

Martin Midstream Partners Reports First Quarter 2024 Financial Results and Declares Quarterly Cash Distribution

Retrieved on: 
Wednesday, April 17, 2024
Oil, Gas, Manufacturing, Energy, Other Energy, Chemicals, Plastics, Partnership, Conference, GAAP, Treasury regulations, Bookkeeping

EBITDA, adjusted EBITDA, distributable cash flow and adjusted free cash flow are non-GAAP financial measures which are explained in greater detail below under the heading "Use of Non-GAAP Financial Information."

Key Points: 
  • EBITDA, adjusted EBITDA, distributable cash flow and adjusted free cash flow are non-GAAP financial measures which are explained in greater detail below under the heading "Use of Non-GAAP Financial Information."
  • An attachment included in the Current Report on Form 8-K to which this announcement is included contains a comparison of the Partnership’s adjusted EBITDA for the first quarter 2024 to the Partnership's adjusted EBITDA guidance for the first quarter 2024.
  • The Partnership has declared a quarterly cash distribution of $0.005 per unit for the quarter ended March 31, 2024.
  • The distribution is payable on May 15, 2024 to common unitholders of record as of the close of business on May 8, 2024.

Granite REIT Declares Distribution for April 2024

Retrieved on: 
Wednesday, April 17, 2024
REIT, Logistics, Supply Chain Management, Transport, Commercial Building & Real Estate, Construction & Property, Granite, CDN, Granite Real Estate, TSX, FICC, Trustee, Real estate investing, Treasury regulations

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of April 2024.

Key Points: 
  • Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of April 2024.
  • The distribution will be paid by Granite on Wednesday, May 15, 2024 to stapled unitholders of record at the close of trading on Tuesday, April 30, 2024.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of April 30, 2024, pursuant to United States Treasury Regulation Section 1.1446-4.

NuStar Energy L.P. Declares Conditional Special Distribution

Retrieved on: 
Monday, April 15, 2024
Energy, Other Energy, Utilities, Oil, Gas, Equity Ensemble Awards, Central Time, Conversation, Risk, Treasury, SUNOCO, NUSTAR, SUN, Ammonia, Proxy, NS, Control, Treasury regulations, Prospectus, Mergers and acquisitions, Executive officer, Sustainability, Annual report, Communication, ANY, Sunoco, Management, NuSTAR, AS, Judgement, NuStar Energy, Sale, Registration statement, Security (finance), Acquisition, Register, Corporate governance, Cryptocurrency

NuStar Energy L.P. (NYSE: NS) today announced that the board of directors of NuStar GP, LLC, the general partner of its general partner, has declared a special distribution of $0.212 per NuStar Energy L.P. common unit (the “special distribution”), to be paid on May 2, 2024 to holders of record of NuStar Energy L.P. common units as of April 26, 2024.

Key Points: 
  • NuStar Energy L.P. (NYSE: NS) today announced that the board of directors of NuStar GP, LLC, the general partner of its general partner, has declared a special distribution of $0.212 per NuStar Energy L.P. common unit (the “special distribution”), to be paid on May 2, 2024 to holders of record of NuStar Energy L.P. common units as of April 26, 2024.
  • Payment of the special distribution is subject to and conditioned upon holders of NuStar Energy L.P.’s common units approving its previously announced acquisition by Sunoco LP (NYSE: SUN) at NuStar Energy L.P.’s special meeting, which will be held at 9:00 a.m. Central Time on May 1, 2024, and the merger agreement with respect to the acquisition not having been terminated.
  • The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar Energy L.P. has operations in the United States and Mexico.
  • For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/ .