Shell Midstream Partners, L.P. Declares Distribution of $0.46 Per Limited Partner Unit
October 22 2020 - 8:30AM
Shell Midstream Partners, L.P.
(NYSE: SHLX) (the “Partnership”) announces that the Board of
Directors of its general partner declared a cash distribution of
$0.4600 per limited partner unit for the third quarter of 2020.
This represents an increase of 3.4 percent over the distribution
paid with respect to the third quarter of 2019. The distribution
will be paid November 13, 2020 to unitholders of record as of
November 3, 2020. TAX CONSIDERATIONSThis release is
intended to be a qualified notice to nominees as provided for under
Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note
that 100 percent of the Partnership’s distributions to foreign
investors are attributable to income that is effectively connected
with a U.S. trade or business. Accordingly, all of the
Partnership’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
the Partnership, are treated as the withholding agents responsible
for withholding on the distributions received by them on behalf of
foreign investors. # # #About Shell Midstream Partners,
L.P.Shell Midstream Partners, L.P., headquartered in Houston,
Texas, owns, operates, develops and acquires pipelines and other
midstream and logistics assets. The Partnership’s assets include
interests in entities that own (a) crude oil and refined products
pipelines and terminals that serve as key infrastructure to
transport onshore and offshore crude oil production to Gulf Coast
and Midwest refining markets and deliver refined products from
those markets to major demand centers and (b) storage tanks and
financing receivables that are secured by pipelines, storage tanks,
docks, truck and rail racks and other infrastructure used to stage
and transport intermediate and finished products. The Partnership’s
assets also include interests in entities that own natural gas and
refinery gas pipelines that transport offshore natural gas to
market hubs and deliver refinery gas from refineries and plants to
chemical sites along the Gulf Coast. For more information on Shell
Midstream Partners, L.P. and the assets owned by the Partnership,
please visit www.shellmidstreampartners.com. Inquiries: Shell
Media Relations Americas: +1 832 337 4355
Shell Investor Relations North America: +1 832 337
2034 |
* SHELL and the SHELL Pecten are registered trademarks of Shell
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