Shell Midstream Partners, L.P. Declares Distribution of $0.30 Per Limited Partner Common Unit
January 20 2022 - 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 fourth quarter of 2021. The distribution will be paid
February 11, 2022 to unitholders of record as of February 1, 2022.
TAX CONSIDERATIONS
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 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.
Shell Midstream Partners (NYSE:SHLX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Shell Midstream Partners (NYSE:SHLX)
Historical Stock Chart
From Jul 2023 to Jul 2024