Inergy Holdings, L.P. Declares Increase in Quarterly Cash Distribution
25 Janvier 2010 - 3:17PM
Business Wire
The Board of Directors of Inergy Holdings GP, LLC, general
partner of Inergy Holdings, L.P. (Nasdaq: NRGP), today announced an
increase in its quarterly cash distribution to $0.94 per limited
partner unit ($3.76 annually) for the quarter ended December 31,
2009. This represents an approximate 10.6% increase over the
previously declared quarterly distribution of $0.85 per limited
partner unit and an approximate 39% increase over the distribution
for the same quarter of the prior year. The distribution will be
paid on February 12, 2010, to unitholders of record as of February
5, 2010.
Inergy plans to release its 2010 fiscal first quarter earnings
on February 2, 2010. Inergy will host a live conference call and
Internet webcast on February 2, 2010, at 10:00 a.m. Central Time to
discuss the results of operations for the quarter ended December
31, 2009, and its business outlook. The call-in number for the
earnings call is 1-877-405-3427, and the conference name is Inergy.
The live Internet webcast and the replay can be accessed on
Inergy’s website, www.inergylp.com. A digital recording of the call
will be available for one week following the call by dialing
1-800-642-1687 and entering the pass code 52323599.
Inergy Holdings, L.P.’s assets consist of its ownership
interests in Inergy, L.P., including limited partnership interests,
ownership of the general partners, and the incentive distribution
rights.
Inergy, L.P., with headquarters in Kansas City, Mo., is among
the fastest growing master limited partnerships in the country. The
Company’s operations include the retail marketing, sale, and
distribution of propane to residential, commercial, industrial, and
agricultural customers. Today, Inergy serves nearly 800,000 retail
customers from over 300 customer service centers throughout the
United States. The Company also operates a natural gas storage
business and a supply logistics, transportation, and wholesale
marketing business that serves independent dealers and multi-state
marketers in the United States and Canada.
Corporate news, unit prices, and additional information about
Inergy, including reports from the United States Securities and
Exchange Commission, are available on the Company’s website,
www.inergylp.com. For more information, contact Mike Campbell in
Inergy’s Investor Relations Department at 816-842-8181 or via
e-mail at investorrelations@inergyservices.com.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent of Inergy’s distributions to foreign investors
as being attributable to income that is effectively connected with
a United States trade or business. Accordingly, Inergy’s
distributions to foreign investors are subject to federal income
tax withholding at the highest applicable effective tax rate.
Inergy Holdings, L.P. (MM) (NASDAQ:NRGP)
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