Crosstex Declares Quarterly Distribution and Dividend
19 Juillet 2013 - 2:00PM
Business Wire
The Crosstex Energy companies today announced the declaration of
the quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX)
(the Partnership) and the quarterly dividend for Crosstex Energy,
Inc. (NASDAQ: XTXI) (the Corporation) from the second quarter of
2013:
- The quarterly distribution on the
Partnership’s common units will be $0.33 per unit. The distribution
is payable August 12 to unitholders of record July 30.
- The quarterly dividend on the
Corporation’s common stock will be $0.12 per share. The dividend is
payable August 14 to shareholders of record July 30.
About the Crosstex Energy
Companies
Crosstex Energy, L.P. (NASDAQ: XTEX) is an integrated midstream
energy partnership headquartered in Dallas that offers diversified,
tailored customer solutions spanning the energy value chain with
services and infrastructure that link energy production with
consumption. XTEX operates approximately 3,500 miles of natural
gas, natural gas liquids and oil pipelines, 10 natural gas
processing plants and four fractionators, as well as barge and rail
terminals, product storage facilities, brine disposal wells and an
extensive truck fleet. XTEX has the right platform, the right
opportunities and the right people to pursue its growth-focused
business strategy.
Crosstex Energy, Inc. (NASDAQ: XTXI) owns the general partner
interest, the incentive distribution rights and a portion of the
limited partner interests in Crosstex Energy, L.P. as well as the
majority interest in a services company focused on the Utica Shale
play in the Ohio River Valley.
Additional information about the Crosstex companies can be found
at www.crosstexenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. These statements are
based on certain assumptions made by the Partnership and the
Corporation based upon management's experience and perception of
historical trends, current conditions, expected future developments
and other factors the Partnership and the Corporation believe are
appropriate in the circumstances. These statements include, but are
not limited to, statements with respect to results of operations
and future growth and dividend and distribution guidance. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the
Partnership and the Corporation, which may cause the Partnership's
and the Corporation's actual results to differ materially from
those implied or expressed by the forward-looking statements. These
risks include, but are not limited to, risks discussed in the
Partnership's and the Corporation's filings with the Securities and
Exchange Commission. The Partnership and the Corporation have no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Qualified Notice to Nominees:
This release serves as 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 United States 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 withholding agents responsible for
withholding distributions received by them on behalf of foreign
investors.
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