Magellan Midstream Declares Third Quarter Cash Distribution
TULSA, Okla. – The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared the partnership’s quarterly cash distribution of 71 cents per unit for the period July 1 through Sept. 30, 2009.
The third-quarter distribution is 1% higher than the third-quarter 2008 distribution of 70.25 cents per unit and equal to the second-quarter 2009 distribution.
The distribution, which equates to $2.84 per unit on an annualized basis, will be paid Nov. 13 to unitholders of record at the close of business on Nov. 6.
This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership’s distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, Magellan’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
$USD 329.00
$USD 329.00
$USD 329.00
