Treasury regulations

Cheniere Partners Declares Quarterly Distributions

Retrieved on: 
Friday, October 27, 2023
Oil, Gas, Rail, Energy, Maritime, Transport, Person, Treasury, NYSE, Calendar, Treasury regulations, Security (finance), Cheniere Energy

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).

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

Retrieved on: 
Thursday, October 19, 2023
Treasury, Treasury regulations, Bookkeeping

DALLAS, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s third quarter 2023 cash distribution.

Key Points: 
  • DALLAS, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership’s third quarter 2023 cash distribution.
  • Cash receipts attributable to the Partnership’s Royalty Properties during the third quarter totaled approximately $31.0 million.
  • Cash receipts attributable to the Partnership’s Net Profits Interest during the third quarter totaled approximately $5.9 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.

NuStar Energy L.P. Declares Third Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions

Retrieved on: 
Wednesday, October 25, 2023
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NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a third quarter 2023 common unit distribution of $0.40 per unit.

Key Points: 
  • NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a third quarter 2023 common unit distribution of $0.40 per unit.
  • The third quarter common unit distribution will be paid on November 14, 2023 to holders of record as of November 7, 2023.
  • NuStar Energy L.P.’s Board of Directors also declared a third quarter 2023 Series A preferred unit distribution of $0.77736 per unit, a Series B preferred unit distribution of $0.70717 per unit and a Series C preferred unit distribution of $0.78448 per unit.
  • The preferred unit distributions will be paid on December 15, 2023 to holders of record as of December 1, 2023.

Global Partners Declares Third-Quarter 2023 Cash Distribution of $0.6850 on Common Units

Retrieved on: 
Tuesday, October 24, 2023
Oil, Gas, Energy, Partner, NYSE, Treasury regulations, Global Partners, Security (finance)

Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6850 per unit ($2.74 per unit on an annualized basis) on all of its outstanding common units from July 1, 2023 through September 30, 2023.

Key Points: 
  • Global Partners LP (NYSE: GLP) announced today that the Board of Directors of its general partner, Global GP LLC, has declared a cash distribution of $0.6850 per unit ($2.74 per unit on an annualized basis) on all of its outstanding common units from July 1, 2023 through September 30, 2023.
  • The distribution will be paid on November 14, 2023 to unitholders of record as of the close of business on November 8, 2023.
  • 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.

Green Plains Partners Announces Quarterly Distribution

Retrieved on: 
Thursday, October 19, 2023
Oil, Gas, Automotive Manufacturing, Alternative Energy, Energy, Manufacturing, Alternative Vehicles, Fuels, Other Transport, Environment, Agriculture, General Automotive, Natural Resources, Transport, Automotive, Logistics, Supply Chain Management, Other Energy, Treasury, GPP, Treasury regulations, Security (finance)

Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the third quarter of 2023, or $1.82 per unit on an annualized basis.

Key Points: 
  • Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the third quarter of 2023, or $1.82 per unit on an annualized basis.
  • The distribution is payable on November 10, 2023, to unitholders of record at the close of business on November 3, 2023.
  • Please note that 100% of Green Plains Partners’ distributions to non-U.S. investors are attributable to income that is effectively connected with a United States trade or business.
  • Furthermore, 100% of distributions to foreign investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).

Energy Transfer LP Announces Cash Distributions on Series C, D and E Preferred Units

Retrieved on: 
Friday, October 20, 2023
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Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.6488671 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.6621559 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE).

Key Points: 
  • Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.6488671 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.6621559 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE).
  • These cash distributions will be paid on November 15, 2023 to Series C, Series D and Series E unitholders of record as of the close of business on November 1, 2023.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with nearly 125,000 miles of pipeline and associated energy infrastructure.
  • Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Energy Transfer Announces Increase in Quarterly Cash Distribution

Retrieved on: 
Friday, October 20, 2023
Energy, Other Energy, Oil, Gas, Transfer, Sunoco, Security (finance), Treasury, NYSE, NGL, Electric Bond and Share Company v. Securities and Exchange Commission, News, USAC, Transport, SUN, Partnership, Master limited partnership, Energy Transfer Partners, Annual report, Treasury regulations, Cryptocurrency, LP

Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.3125 per Energy Transfer common unit ($1.25 on an annualized basis) for the third quarter ended September 30, 2023.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.3125 per Energy Transfer common unit ($1.25 on an annualized basis) for the third quarter ended September 30, 2023.
  • This cash distribution is an increase from $0.31 per Energy Transfer common unit for the second quarter of 2023 and will be paid on November 20, 2023, to unitholders of record as of the close of business on October 30, 2023.
  • In addition, as previously announced, Energy Transfer plans to release earnings for the third quarter of 2023 on Wednesday, November 1, 2023, 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 nearly 125,000 miles of pipeline and associated energy infrastructure.

Holly Energy Partners Announces Quarterly Distribution of $0.35 per LP unit

Retrieved on: 
Thursday, October 19, 2023
Energy, Professional Services, Oil, Gas, Finance, Insurance, Attention, HEP, HF Sinclair, Weather, Terrorism, Treasury, Security (finance), NYSE, Information, Government, Tripura Merger Agreement, Transport, Workforce, Infection, Nationalization, Risk, Webcast, Plan, HF, Accident, Attack, Agreement, Treasury regulations, Failure, Climate change, Cryptocurrency, Sales, Retail, Arms industry

The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per common unit for the third quarter of 2023.

Key Points: 
  • The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.35 per common unit for the third quarter of 2023.
  • The distribution will be paid on November 10, 2023 to unitholders of record on October 30, 2023.
  • The webcast may be accessed at:
    This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).
  • Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including subsidiaries of HF Sinclair Corporation.

Granite REIT Declares Distribution for October 2023

Retrieved on: 
Tuesday, October 17, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Toronto Stock Exchange, Granite Real Estate, TSX, CDN, Trustee, Depository Trust & Clearing Corporation, Real estate investing, Treasury regulations, FICC, Granite, Cryptocurrency, Security (finance)

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 $0.2667 per stapled unit for the month of October 2023.

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 $0.2667 per stapled unit for the month of October 2023.
  • The distribution will be paid by Granite on Wednesday, November 15, 2023 to stapled unitholders of record at the close of trading on Tuesday, October 31, 2023.
  • 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 October 31, 2023, pursuant to United States Treasury Regulation Section 1.1446-4.

Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions

Retrieved on: 
Thursday, October 5, 2023
Speaker of the House of Commons (United Kingdom), Partnership, Calopteron terminale, Treasury regulations, Transport, Plains All American Pipeline, PAA, NGL, Clothing, Cryptocurrency, Life insurance, Plain

HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) today announced their quarterly distributions with respect to the third quarter of 2023.

Key Points: 
  • HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) today announced their quarterly distributions with respect to the third quarter of 2023.
  • PAGP Class A Shares – $0.2675 per Class A Share ($1.07 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2023.
  • In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain.
  • On average, PAA handles approximately 8 million barrels per day of crude oil and NGL.