Shell Midstream Partners, L.P. Declares Distribution of $0.30 Per Limited Partner Common Unit
October 21 2021 - 8:30AM
| Shell Midstream Partners, L.P.
(NYSE: SHLX) (the “Partnership”) announces that the Board of
Directors of its general partner declared a cash distribution of
$0.30 per limited partner common unit for the third quarter of
2021. The distribution will be paid November 12, 2021 to
unitholders of record as of November 2, 2021. The
Partnership’s Third Quarter Earnings Conference Call will be held
Friday, October 29, 2021 at 10:00am CST. Financial information,
including the earnings release, will be released before markets
open on Friday, October 29th. Interested parties may listen to the
conference call on the Partnership’s website at
www.shellmidstreampartners.com by clicking on the “2021 Third
Quarter Financial Results” link in the “Events & Conference”
section. A replay of the webcast will be posted on the
Partnership’s website following the event. TAX
CONSIDERATIONSThis 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 U.S. 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.# # #About
Shell Midstream Partners, L.P.Shell Midstream Partners,
L.P., headquartered in Houston, Texas, owns, operates, develops and
acquires pipelines and other midstream and logistics assets. The
Partnership’s assets include interests in entities that own (a)
crude oil and refined products pipelines and terminals that serve
as key infrastructure to transport onshore and offshore crude oil
production to Gulf Coast and Midwest refining markets and deliver
refined products from those markets to major demand centers and (b)
storage tanks and financing receivables that are secured by
pipelines, storage tanks, docks, truck and rail racks and other
infrastructure used to stage and transport intermediate and
finished products. The Partnership’s assets also include interests
in entities that own natural gas and refinery gas pipelines that
transport offshore natural gas to market hubs and deliver refinery
gas from refineries and plants to chemical sites along the Gulf
Coast. For more information on Shell Midstream Partners, L.P.
and the assets owned by the Partnership, please visit
www.shellmidstreampartners.com. Inquiries: Shell Media
Relations Americas: +1 832 337 4355
Shell Investor Relations North America: +1 832 337
2837 |
* SHELL and the SHELL Pecten are registered trademarks of Shell
Trademark Management, B.V. used under license.
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