OCI Resources LP Declares Quarterly Cash Distribution
17 Octubre 2014 - 2:15PM
Business Wire
OCI Resources LP (the "Partnership") (NYSE: OCIR) announced
today the approval of an increase of 5% in the distribution to be
paid to unitholders and the approval of its quarterly distribution
by the board of directors of its general partner. The minimum
quarterly distribution of $0.525 for the third quarter of 2014 is
payable on November 14, 2014, to unitholders of record on October
31, 2014.
Kirk Milling, CEO, commented, "Since our IPO, we have continued
investing in our Green River facility to improve efficiencies and
overall output. Now that we are realizing the benefits of these
investments, we are in a position to increase our minimum quarterly
distribution by 5% and still maintain consistency in our coverage
ratio going forward."
About OCI Resources LP
OCI Resources LP, a master limited partnership, operates the
trona ore mining and soda ash production business of OCI Wyoming
LLC, ("OCI Wyoming"), one of the largest and lowest cost producers
of natural soda ash in the world, serving a global market from its
facility in the Green River Basin of Wyoming. The facility has been
in operation for more than 50 years.
Forward-Looking Statements
This press release may contain forward-looking statements.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance or results and involve a
number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described in the
Partnership's filings with the SEC. The Partnership undertakes no
duty to update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
Qualified Notice
This release is intended to be a qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of the Partnership's
distributions to foreign investors are attributable to income that
is effectively connected with a United States trade or business.
Accordingly, all of the Partnership'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 the Partnership, are treated as the
withholding agents responsible for withholding on the distributions
received by them on behalf of foreign investors.
OCI Resources LPInvestor RelationsScott Humphrey,
770-375-2387Director of Finance and Investor
RelationsSHumphrey@ocienterprises.comorMediaAmy McCool,
770-243-9191AMcCool@ocienterprises.com
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