Shell Midstream Partners, L.P. Declares Distribution of $0.30 Per Limited Partner Common Unit
July 21 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 second quarter of 2022. The distribution will be paid
August 12, 2022 to unitholders of record as of August 2, 2022.
The Partnership’s second quarter earnings release and associated
SEC filings will be posted after markets close on Thursday, July
28, 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.
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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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