Oiltanking Partners Declares Increase in Quarterly Distribution; Announces Date of Third Quarter 2014 Earnings Release
17 Octubre 2014 - 11:18AM
Business Wire
Oiltanking Partners, L.P. (NYSE: OILT) (the
“Partnership”) announced today that the board of directors of its
general partner declared an increase in the quarterly cash
distribution to $0.2725 per unit, or $1.09 per unit on an
annualized basis, for the third quarter of 2014. This distribution
represents a 4.8% increase over the $0.26 per unit distribution
declared with respect to the second quarter of 2014 and a 22.5%
increase over the $0.2225 per unit distribution declared with
respect to the third quarter of 2013. The quarterly distribution
will be paid on November 14, 2014, to unitholders of record as of
the close of business on November 3, 2014.
The Partnership will announce its third quarter 2014 financial
results after market close on Wednesday, November 5, 2014. The
Partnership will not host a third quarter earnings call.
Oiltanking Partners, L.P. is a growth-oriented master
limited partnership engaged in independent storage and
transportation of crude oil, refined petroleum products and
liquefied petroleum gas. We are the logistics provider of choice to
major integrated oil companies, distributors, marketers and
chemical and petrochemical companies. Our core assets are
strategically located along the Gulf Coast of the United States on
the Houston Ship Channel and in Beaumont, Texas. For more
information, visit www.oiltankingpartners.com.
Forward-Looking Statements
This press release contains forward-looking statements. These
forward-looking statements reflect Oiltanking Partners L.P.’s
current views with respect to future events, based on what it
believes are reasonable assumptions. No assurance can be given,
however, that these events will occur. These statements are subject
to risks and uncertainties as described in Oiltanking Partners
L.P.’s filings with the Securities and Exchange Commission,
available at the SEC's website at www.sec.gov. By issuing
forward-looking statements based on current expectations, opinions,
views or beliefs, Oiltanking Partners has no obligation and, except
as required by law, is not undertaking any obligation, to update or
revise these statements or provide any other information relating
to such statements.
Note to Non-United States Investors: This release is intended to
be a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred percent
(100%) of Oiltanking Partners, L.P.’s distributions to foreign
investors as attributable to income that is effectively connected
with a United States trade or business. Accordingly, Oiltanking
Partners L.P.'s distributions to foreign investors are subject to
federal income tax withholding at the highest applicable effective
tax rate.
Oiltanking Partners, L.P.For Investors:Mark Buscovich, (855)
866-6458 or (281) 457-7929Manager, FP&A and
IRir@oiltankingpartners.comorFor Media:Rick Rainey, (713)
381-3635Vice Presidentrrainey@eprod.com
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