Legacy Reserves LP Declares Preferred Distributions
May 21 2015 - 4:02PM
Legacy Reserves LP ("Legacy") (Nasdaq:LGCY) today announced that
its general partner has declared a monthly cash distribution for
both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Units and its 8% Series B Fixed-to-Floating
Rate Cumulative Redeemable Perpetual Preferred Units of $0.166667
per unit payable on June 15, 2015 to unitholders of record on June
1, 2015.
About Legacy Reserves LP
Legacy Reserves LP is a master limited partnership headquartered
in Midland, Texas, focused on the acquisition and development of
oil and natural gas properties primarily located in the Permian
Basin, Rocky Mountain and Mid-Continent regions of the United
States. Additional information is available at
www.LegacyLP.com.
Cautionary Statement Relevant to Forward-Looking
Information
This press release contains forward-looking statements relating
to our operations that are based on management's current
expectations, estimates and projections about its operations. Words
such as "anticipates," "expects," "intends," "plans," "targets,"
"projects," "believes," "seeks," "schedules," "estimated," and
similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Among the important factors that could cause
actual results to differ materially from those in the
forward-looking statements are realized oil and natural gas prices,
production volumes, lease operating expenses, general and
administrative costs and finding and development costs; future
operating results and the factors set forth under the heading "Risk
Factors" in our annual and quarterly reports filed with the
Securities and Exchange Commission. Therefore, actual outcomes
and results may differ materially from what is expressed or
forecasted in such forward-looking statements. The reader should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Unless legally
required, Legacy undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Withholding Information
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 (100.0%) of Legacy's distributions to foreign
investors as being attributable to income that is effectively
connected with a United States trade or business. Accordingly,
Legacy's distributions to foreign investors are subject to federal
income tax withholding at the highest applicable rate.
CONTACT: Legacy Reserves LP
Dan Westcott
Executive Vice President and Chief Financial Officer
432-689-5200
Legacy Reserves Inc. (MM) (NASDAQ:LGCY)
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