Williams Partners Announces Quarterly Cash Distribution
January 25 2016 - 8:00AM
Business Wire
Williams Partners L.P. (NYSE: WPZ) today announced a regular
quarterly cash distribution of $0.85 per unit for its common
unitholders. The distribution is consistent with the prior
quarter.
The board of directors of the partnership's general partner has
approved the quarterly cash distribution, which is payable on Feb.
12, 2016, to common unitholders of record at the close of business
on Feb. 5.
This announcement is intended to be a qualified notice to
nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d).
The partnership’s distributions to foreign investors, which are
attributable to income that is effectively connected with a U.S.
trade or business, are subject to withholding under U.S. law. In
light of the uncertainty at the time of making distributions
regarding the portion of any distribution that is attributable to
income that is not effectively connected with a U.S. trade or
business, we treat all of our distributions as attributable to U.S.
operations. Accordingly, the entire amount of the partnership's
distributions to foreign investors is subject to federal income tax
withholding at the highest effective tax rate. Nominees, and not
Williams Partners L.P., are treated as withholding agents
responsible for withholding on the distributions received by them
on behalf of foreign investors.
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap
natural gas infrastructure master limited partnership with a strong
growth outlook and major positions in key U.S. supply basins and
also in Canada. Williams Partners has operations across the natural
gas value chain from gathering, processing and interstate
transportation of natural gas and natural gas liquids to petchem
production of ethylene, propylene and other olefins. Williams
Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest
growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners’
operations touch approximately 30 percent of U.S. natural gas.
Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of
large-scale North American natural gas infrastructure, owns 60
percent of Williams Partners, including all of the 2 percent
general-partner interest. www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160125005770/en/
Williams Partners L.P.Media Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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