HOUSTON, Aug. 1, 2016 /PRNewswire/ -- The Board of
Directors of CPP GP LLC, as general partner of Columbia Pipeline
Partners LP (NYSE: CPPL) ("CPPL" or the "Partnership"), today
approved a quarterly distribution payment of $0.1975 per unit for CPPL, payable on
August 19, 2016, to both common and
subordinated unit holders of record at the close of business on
August 12, 2016. This distribution
represents an approximately 5.3 percent increase over the prior
quarter's distribution of $0.1875 per
unit.
1446 Qualified Notice
This notice is intended
to serve as qualified notice to nominees pursuant to Treasury
Regulation 1.1446-4(b). All of the partnership's distributions to
foreign investors are attributable to income that is effectively
connected with a United States
trade or business. Accordingly, the partnership's distributions to
foreign investors are subject to U.S. federal income tax
withholding at the highest applicable effective tax rate.
About Columbia Pipeline Partners LP
Columbia
Pipeline Partners LP is a Delaware
master limited partnership with interests in three regulated U.S.
natural gas pipelines which serve markets extending from
New York to the Gulf of Mexico, as well as storage and related
midstream assets. The Partnership's general partner became an
indirect, wholly-owned subsidiary of TransCanada Corporation
(NYSE:TRP) on July 1, 2016, and as a
result, the Partnership is effectively managed by TransCanada. For
more information about Columbia Pipeline Partners LP, visit the
Partnership's website at www.columbiapipelinepartners.com.
Additional information can be found at www.transcanada.com.
Forward Looking Statements
This release may
include "forward-looking statements" within the meaning of federal
securities laws. Such forward-looking statements are subject to a
number of risks and uncertainties, many of which are
beyond the Partnership's control. All statements, other than
historical facts included in this release, are forward-looking
statements. All forward-looking statements speak only as of the
date of this release. Although the Partnership believes that the
plans, intentions and expectations reflected in or suggested by the
forward-looking statements are reasonable, there is no assurance
that these plans, intentions or expectations will be achieved.
Therefore, actual outcomes and results could materially differ from
what is expressed, implied or forecast in such statements.
The Partnership's business may be influenced by many factors
that are difficult to predict, involve uncertainties that may
materially affect actual results and are often beyond the
Partnership's control. These factors include, but are not limited
to, changes to business plans as circumstances warrant. For a full
discussion of these risks and uncertainties and other factors,
please refer to the Partnership's Annual Report on Form 10-K for
the fiscal year ended December 31,
2015 filed with the Securities and Exchange Commission (the
SEC), as updated and supplemented by subsequent filings with the
SEC. All forward-looking statements included in this
press release are expressly qualified in their entirety by such
cautionary statements. CPPL expressly disclaims any obligation to
update, amend or clarify any forward looking statement to reflect
events, new information or circumstances occurring after the date
of this release except as required by applicable law.
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SOURCE Columbia Pipeline Partners LP