HOUSTON, April 26, 2016 /PRNewswire/ -- Sunoco LP
(NYSE: SUN) announced that the Board of Directors of its general
partner has declared a quarterly distribution for the first quarter
of 2016 of $0.8173 per common unit,
which corresponds to $3.2692 per
common unit on an annualized basis. This represents a 2.0
percent increase compared to the distribution for the fourth
quarter of 2015 and a 26.7 percent increase compared with the first
quarter of 2015. This increase marks the twelfth
consecutive quarter that Sunoco LP has raised its distribution.
The distribution will be paid on May 16,
2016 to common unitholders of record on May 6, 2016.
Sunoco LP (NYSE: SUN) is a master limited partnership
that operates approximately 1,340 convenience stores and retail
fuel sites and distributes motor fuel to convenience stores,
independent dealers, commercial customers and distributors located
in 30 states at approximately 6,800 sites. Our parent -- Energy
Transfer Equity, L.P. (NYSE: ETE) -- owns SUN's general partner and
incentive distribution rights. For more information, visit the
Sunoco LP website at www.SunocoLP.com
Qualified Notice
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
100 percent of Sunoco LP's distributions to non-U.S. investors as
being attributable to income that is effectively connected with a
United States trade or business.
Accordingly, Sunoco LP's distributions to non-U.S. investors are
subject to federal income tax withholding at the highest applicable
effective tax rate.
Contacts
Scott Grischow, Senior Director –
Investor Relations and Treasury
(361) 884-2463, scott.grischow@sunoco.com
Patrick Graham, Senior Analyst –
Investor Relations and Finance
(610) 833-3776, patrick.graham@sunoco.com
Dennard-Lascar Associates
Anne Pearson
(210) 408-6321, apearson@dennardlascar.com
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SOURCE Sunoco LP