Williams Partners Announces Quarterly Cash Distribution
January 24 2017 - 3:33PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) today announced a regular
quarterly cash distribution of $0.85 per unit for its common
unitholders.
The board of directors of the partnership's general partner has
approved the quarterly cash distribution, which is payable on Feb.
10, 2017, to common unitholders of record at the close of business
on Feb. 3, 2017.
This announcement is intended to be a qualified notice to
nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d).
The partnership’s distributions to foreign investors, which are
attributable to income that is effectively connected with a U.S.
trade or business, are subject to withholding under U.S. law. In
light of the uncertainty at the time of making distributions
regarding the portion of any distribution that is attributable to
income that is not effectively connected with a U.S. trade or
business, we treat all of our distributions as attributable to U.S.
operations. Accordingly, the entire amount of the partnership's
distributions to foreign investors is subject to federal income tax
withholding at the highest effective tax rate. Nominees, and not
Williams Partners L.P., are treated as withholding agents
responsible for withholding on the distributions received by them
on behalf of foreign investors.
About Williams Partners
Williams Partners is an industry-leading, large-cap natural gas
infrastructure master limited partnership with a strong growth
outlook and major positions in key U.S. supply basins. Williams
Partners has operations across the natural gas value chain from
gathering, processing and interstate transportation of natural gas
and natural gas liquids to petchem production of ethylene,
propylene and other olefins. Williams Partners owns and operates
more than 33,000 miles of pipelines system wide – including the
nation’s largest volume and fastest growing pipeline – providing
natural gas for clean-power generation, heating and industrial use.
Williams Partners’ operations touch approximately 30 percent of
U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a
premier provider of large-scale U.S. natural gas infrastructure,
owns approximately 74 percent of Williams Partners.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170124006516/en/
Williams Partners L.P.Media Contact:Keith Isbell,
918-573-7308orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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