HOUSTON, TX, July 25, 2018 /PRNewswire/ - Enbridge Energy
Partners, L.P. (NYSE: EEP) (EEP or the Partnership) announced today
that the Board of Directors of Enbridge Energy Management, L.L.C.
(EEM), the delegate of the Partnership's general partner, has
declared a quarterly cash distribution of $0.35 per unit, or $1.40 per unit on an annualized basis, on all of
the Partnership's outstanding units for the quarter ended
June 30, 2018. The approved
distribution remains unchanged from the previous quarter. The
distribution is payable on August 14,
2018 to unitholders of record at the close of business on
August 7, 2018.
Enbridge Energy Management, L.L.C. Distribution
Enbridge Energy Management, L.L.C. (NYSE: EEQ) (Enbridge
Management) today declared a distribution of $0.35 per share payable on August 14, 2018 to shareholders of record on
August 7, 2018. The distribution will
be paid in the form of additional shares of Enbridge Management
valued at the average closing price of the shares for the 10
trading days prior to the ex-dividend date on August 6, 2018. Enbridge Management's sole asset
is its approximate 21 percent limited partner interest in EEP.
Enbridge Management's results of operations, financial condition
and cash flows depend on the results of operations, financial
condition and cash flows of EEP.
Tax Notification
This release serves as
qualified notice to nominees as provided for under Treasury
Regulation Section 1.1446-4(b)(4) and (d). Please note that 100
percent of Enbridge Energy Partners, L.P.'s distributions to
foreign investors are attributable to income that is effectively
connected with a United States
trade or business. Accordingly, all of Enbridge Energy Partners,
L.P.'s distributions to foreign investors are subject to federal
income tax withholding at the highest effective tax rate for
individuals or corporations, as applicable. Nominees, and not
Enbridge Energy Partners, L.P., are treated as withholding agents
responsible for withholding distributions received by them on
behalf of foreign investors.
About Enbridge Energy Partners,
L.P.
Enbridge Energy Partners, L.P. owns and operates
a diversified portfolio of crude oil transportation systems in
the United States. Its principal
crude oil system is the largest pipeline transporter of growing oil
production from western Canada and
the North Dakota Bakken formation. The system's deliveries to
refining centers and connected carriers in the United States account for approximately
25 percent of total U.S. oil imports. Enbridge Energy
Partners, L.P. is traded on the New York Stock Exchange under the
symbol EEP; information about the partnership is available on its
website at www.enbridgepartners.com.
About Enbridge Energy Management, L.L.C.
Enbridge
Energy Management, L.L.C. manages the business and affairs of the
Partnership, and its sole asset is an approximate 21 percent
limited partner interest in the Partnership. Enbridge Energy
Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc.
of Calgary, Alberta, Canada (NYSE:
ENB) (TSX: ENB) is the general partner of the Partnership and holds
an approximate 35 percent interest in the Partnership. Enbridge
Management is the delegate of the general partner of the
Partnership.
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge Energy
Partners, L.P.
|
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Media
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Investment
Community
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Michael
Barnes
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Roni
Cappadonna
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Toll Free: (888)
992-0997
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Toll Free: (800)
481-2804
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Email:
michael.barnes@enbridge.com
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Email:
investor.relations@enbridge.com
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SOURCE Enbridge Energy Partners, L.P.