FINDLAY, Ohio, April 28, 2020 /PRNewswire/ -- The board of
directors of the general partner of MPLX LP (NYSE: MPLX) has
declared a quarterly cash distribution of $0.6875 per common unit for the first quarter of
2020, or $2.75 on an annualized
basis.
This distribution is flat versus the fourth quarter of 2019
distribution and represents an increase of 4.6% over the first
quarter 2019 distribution. The distribution will be paid on
May 15, 2020, to common unitholders
of record as of May 8, 2020.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
100 percent of MPLX's distributions to foreign investors as being
attributable to income that is effectively connected with a
United States trade or business.
Accordingly, MPLX's distributions to non-United States investors are subject to federal
income tax withholding at the highest applicable effective tax
rate.
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that
owns and operates midstream energy infrastructure and logistics
assets, and provides fuels distribution services. MPLX's assets
include a network of crude oil and refined product pipelines; an
inland marine business; light-product terminals; storage caverns;
refinery tanks, docks, loading racks, and associated piping; and
crude and light-product marine terminals. The company also owns
crude oil and natural gas gathering systems and pipelines as well
as natural gas and NGL processing and fractionation facilities in
key U.S. supply basins. More information is available at
www.mplx.com.
Investor Relations Contacts: (419)
421-2071
Kristina Kazarian,
Vice President, Investor Relations
Media Contacts:
Hamish
Banks, Vice President, Corporate Communications (419)
421-2521
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312
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SOURCE MPLX LP