SAN ANTONIO, April 23, 2015 /PRNewswire/ -- QEP Midstream
Partners, LP (NYSE:QEPM) ("QEPM") today announced the declaration
of its quarterly cash distribution for the first quarter 2015 of
$0.32 per limited partnership unit,
or $1.28 on an annualized basis. This
distribution represents a 3% increase over the quarterly
distribution of $0.31 per unit
($1.24 per unit on an annualized
basis) paid in February 2015. The
first quarter distribution will be paid on May 15, 2015, to unitholders of record as of the
close of business on May 4, 2015. In
the prior four quarters, QEPM has increased its distribution to
limited partners by 19%.
About QEPM Midstream Partners, LP
QEP Midstream
Partners, LP is a master limited partnership that was formed to
own, operate, acquire and develop midstream assets. The
Partnership provides midstream gathering and processing services to
companies in the Green River, Uinta and Williston basins. Further
information about the Partnership is available at www.qepm.com.
This release contains certain statements that are
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, concerning the timing of our cash
distribution. For more information concerning factors that could
affect these statements see our annual report on Form 10-K and
quarterly reports on Form 10-Q, filed with the Securities and
Exchange Commission. We undertake no obligation to publicly release
the result of any revisions to any such forward-looking statements
that may be made to reflect events or circumstances that occur, or
which we become aware of, after the date hereof.
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 QEP Midstream Partners, LP's
distributions to foreign investors are attributable to income that
is effectively connected with a United
States trade or business. Accordingly, all of QEP Midstream
Partners, LP'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
QEP Midstream Partners, LP, are treated as withholding agents
responsible for withholding distributions received by them on
behalf of foreign investors.
Contact:
Investors:
Evan Barbosa, Investor Relations
Manager, (210) 626-7202
Media:
Tesoro Media Relations, media@tsocorp.com, (210) 626-7702
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SOURCE QEP Midstream Partners, LP