Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for banking industry professionals · Thursday, March 28, 2024 · 699,485,110 Articles · 3+ Million Readers

Green Plains Partners Increases Quarterly Distribution

OMAHA, Neb., Oct. 19, 2017 (GLOBE NEWSWIRE) -- Green Plains Partners LP (NASDAQ:GPP) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.46 per unit on all of its outstanding common and subordinated units, or $1.84 per unit on an annualized basis, for the third quarter of 2017. The 1.0-cent increase over the previous quarterly distribution of $0.45 per unit is the eighth consecutive increase since the partnership’s inception. The distribution is payable on Nov. 10, 2017, to unitholders of record at the close of business on Nov. 3, 2017.

This release serves as a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of Green Plains Partners’ 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 U.S. federal income tax withholding at the highest effective tax rate.

About Green Plains Partners LP
Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.

Contact
Jim Stark
Vice President, Investor & Media Relations
402.884.8700
jim.stark@gpreinc.com

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release