WHIPPANY, N.J., Jan. 22, 2015 /PRNewswire/ -- Suburban
Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of
propane, fuel oil and related products and services, as well as a
marketer of natural gas and electricity, today announced that its
Board of Supervisors declared a quarterly distribution of
$0.8750 per Common Unit for the three
months ended December 27, 2014. This
quarterly distribution rate equates to an annualized rate of
$3.50 per Common Unit. The
distribution is payable on February 10,
2015 to Common Unitholders of record as of February 3, 2015.
Nominees are hereby notified that there is a withholding
requirement of 39.6% for foreign partners from the $0.8750 per unit cash distribution under Section
1446 of the Internal Revenue Code.
The Partnership also announced that, at its recent meeting, its
Board of Supervisors had declared the close of business on
March 16, 2015 as the record date for
the 2015 Tri-Annual Meeting of the Partnership's Common
Unitholders. The Tri-Annual Meeting is scheduled to be held at
9:00 a.m., Wednesday, May 13, 2015 at the Partnership's
headquarters in Whippany, New
Jersey.
The Partnership anticipates making proxy materials available to
its Unitholders of record as of such record date shortly following
the record date. At the Tri-Annual Meeting, it is anticipated that
Unitholders will be asked to elect the Partnership's Supervisors
for three-year terms, to ratify the appointment of the
Partnership's independent registered public accounting firm for its
2015 fiscal year, to approve an amendment to the Partnership's 2009
Restricted Unit Plan and to have a Say-on-Pay.
Suburban Propane Partners, L.P. is a publicly-traded master
limited partnership listed on the New York Stock Exchange.
Headquartered in Whippany, New
Jersey, Suburban has been in the customer service business
since 1928. The Partnership serves the energy needs of
approximately 1.2 million residential, commercial, industrial and
agricultural customers through more than 710 locations in 41
states.
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SOURCE Suburban Propane Partners, L.P.