DCP Midstream Announces Common and Preferred Unit Distributions
October 16 2020 - 3:15PM
DCP Midstream, LP (NYSE: DCP) announced today that the board of
directors of its general partner declared a third quarter 2020
common unit distribution of $0.39 per unit, or $1.56 per unit on an
annualized basis. This quarterly common unit distribution will be
paid November 13
, 2020 to common unitholders of
record at the close of business on October 30, 2020.
In addition, the board of directors declared a
semi-annual Series A preferred unit distribution of $36.875 per
unit and a quarterly Series B preferred unit distribution of
$0.4922 per unit. These preferred unit cash distributions will be
paid December 15, 2020 to preferred unitholders of record at the
close of business on December 1, 2020.
The board of directors also declared a quarterly
Series C preferred unit distribution of $0.4969 per unit. This
preferred unit cash distribution will be paid January 15, 2021 to
preferred unitholders of record at the close of business on January
4, 2021.
INVESTOR AND MEDIA RELATIONS: |
Sarah Sandberg |
Phone: |
303-605-1626 |
This serves as qualified notice to nominees and
brokers as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d). Please note that 100 percent of DCP’s
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or
business. Accordingly, DCP’s distributions to foreign
investors are subject to federal income tax withholding at the
highest effective tax rate. Nominees are treated as withholding
agents responsible for withholding distributions received by them
on behalf of foreign investors.
ABOUT DCP MIDSTREAM, LP DCP
Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited
partnership headquartered in Denver, Colorado, with a diversified
portfolio of gathering, processing, logistics and marketing assets.
DCP is one of the largest natural gas liquids producers and
marketers and one of the largest natural gas processors in the U.S.
The owner of DCP’s general partner is a joint venture between
Enbridge and Phillips 66. For more information, visit the DCP
Midstream, LP website at www.dcpmidstream.com.
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