Energy Transfer Equity Completes Two-for-One Unit Split
July 27 2015 - 7:30AM
Business Wire
Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE” or
the “Partnership”) today announced the completion of its previously
announced two-for-one split of the Partnership’s outstanding common
units (“Unit Split”).
The Unit Split was effected by a distribution of one ETE common
unit for each ETE common unit outstanding and held by unitholders
of record at the close of business on July 15, 2015. The
Partnership's quarterly distribution amount going forward will
reflect the Unit Split.
ETE common units will begin trading on a post-split basis today
on the New York Stock Exchange.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master
limited partnership which owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners,
L.P. (NYSE: ETP), approximately 23.6 million ETP common units,
approximately 81.0 million ETP Class H Units, which track 90% of
the underlying economics of the general partner interest and IDRs
of Sunoco Logistics Partners L.P. (NYSE: SXL), and 100 ETP Class I
Units. On a consolidated basis, ETE’s family of companies owns and
operates approximately 71,000 miles of natural gas, natural gas
liquids, refined products, and crude oil pipelines. For more
information, visit the Energy Transfer Equity, L.P. website at
www.energytransfer.com.
Forward-Looking Statements
Statements made in this press release may be forward-looking
statements as defined under federal law. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and factors, many of
which are outside the control of ETE, and a variety of risks that
could cause results to differ materially from those expected by
management of ETE. ETE undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time.
The information contained in this press release is available on
our website at www.energytransfer.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150727005384/en/
Investor Relations:Energy TransferBrent Ratliff,
214-981-0700orLyndsay Hannah, 214-840-5477orMedia
Relations:Granado Communications GroupVicki Granado,
214-599-8785Cell: 214-498-9272
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