Sanchez Midstream Partners Declares Distribution on Common Units; Announces Distribution on Class B Preferred Units
February 07 2019 - 3:30PM
Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the
“Partnership”) announced today that the board of directors of its
general partner has declared a quarterly cash distribution on its
common units of $0.15 per unit ($0.60 per unit annualized).
The board of directors of the general partner
has also declared a distribution to the holders of its Class B
preferred units of $0.28225 per Class B preferred unit.
The distributions are payable on Feb. 28, 2019
to holders of record on Feb. 20, 2019.
ABOUT THE PARTNERSHIP
Sanchez Midstream Partners LP (NYSE American:
SNMP) is a growth-oriented publicly-traded limited partnership
focused on the acquisition, development, ownership and operation of
midstream and other energy related assets in North America.
The Partnership has ownership stakes in oil and natural gas
gathering systems, natural gas pipelines and natural gas processing
facilities, all located in the Western Eagle Ford in South
Texas.
ADDITIONAL INFORMATION
Additional information about SNMP can be found
in the Partnership’s documents on file with the U.S. Securities and
Exchange Commission (www.sec.gov) and in the “Investor
Presentation” available on the Partnership’s website
(www.sanchezmidstream.com).
This press release is intended to be a qualified
notice under Treasury Regulation Section 1.1446-4(b) and (d).
Brokers and nominees are treated as withholding agents responsible
for withholding distributions received by them on behalf of foreign
investors and should treat one hundred percent (100.0%) of SNMP’s
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, SNMP’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
FORWARD-LOOKING STATEMENTS
This press release contains statements that are
considered forward-looking statements within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of
1934. These forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond our
control. All of these types of statements, other than
statements of historical fact included in this press release, are
forward-looking statements. Actual results may differ
materially from those anticipated or implied in the forward-looking
statements. The forward-looking statements speak only as of
the date made, and other than as required by law, we do not intend
to publicly update or revise any forward-looking statements as a
result of new information, future events or
otherwise.
PARTNERSHIP CONTACT
Charles C. WardChief Financial Officer
(877) 847-0009ir@sanchezmidstream.com
General Inquiries: (713)
783-8000www.sanchezmidstream.com
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