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DCP Midstream Announces Distributions on Its Common Units and Series B Preferred Units

1268 Days ago

DENVER, July 24, 2018 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE:DCP) announced today that the board of directors of its general partner declared a second quarter 2018 common unit distribution of $0.78 per unit, or $3.12 per unit on an annualized basis. This quarterly common unit distribution will be paid August 14, 2018 to common unitholders of record at the close of business on August 3, 2018.

The board of directors of DCP’s general partner also declared an initial quarterly Series B preferred unit distribution of $0.6781 per unit, which includes the distribution attributable to the partial-period from and including the original issue date of May 11, 2018. This cash distribution will be paid September 17, 2018 to preferred unitholders of record at the close of business on September 4, 2018.

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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.

DCP Midstream, LP (NYSE:DCP) is a midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering and processing assets in addition to 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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