Green Plains Partners Announces Quarterly Distribution

Rhea-AI Summary

Green Plains Partners declares quarterly cash distribution of $0.455 per unit for Q3 2023

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• Green Plains Partners announces a quarterly cash distribution of $0.455 per unit for the third quarter of 2023, or $1.82 per unit on an annualized basis.

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• None.

OMAHA, Neb.--(BUSINESS WIRE)-- Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the third quarter of 2023, or $1.82 per unit on an annualized basis. The distribution is payable on November 10, 2023, to unitholders of record at the close of business on November 3, 2023.

Qualified Notice

This release serves as qualified notice to brokers and nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100% of Green Plains Partners’ distributions to non-U.S. investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to non-U.S. investors are subject to U.S. federal income tax withholding at the highest applicable effective tax rate.

This release also serves as qualified notice that the 10% exception to withholding described in Treasury Regulation Section 1.1446(f)-4(b)(3) does not apply. Furthermore, 100% of distributions to foreign investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees must withhold the maximum amount under Treasury Regulation Section 1.1446(f).

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 terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit www.greenplainspartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231019552130/en/

Green Plains Inc. Contacts

Investors: Phil Boggs | Executive Vice President, Investor Relations | 402.884.8700 | phil.boggs@gpreinc.com

Media: Lisa Gibson | Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com

Source: Green Plains Partners

FAQ

What is the amount of the quarterly cash distribution declared by Green Plains Partners?

Green Plains Partners has declared a quarterly cash distribution of $0.455 per unit for the third quarter of 2023.

When will the distribution be payable?

The distribution will be payable on November 10, 2023.

Who is eligible to receive the distribution?

Unitholders of Green Plains Partners as of the record date, which is November 3, 2023, are eligible to receive the distribution.

Are non-U.S. investors subject to U.S. federal income tax withholding?

Yes, all of Green Plains Partners' distributions to non-U.S. investors are subject to U.S. federal income tax withholding at the highest applicable effective tax rate.

Does the 10% exception to withholding apply to Green Plains Partners' distributions to non-U.S. investors?

No, the 10% exception to withholding described in Treasury Regulation Section 1.1446(f)-4(b)(3) does not apply.

Is the distribution in excess of cumulative net income for foreign investors?

Yes, 100% of the distributions to foreign investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).

What is the maximum amount that brokers and nominees must withhold for foreign investors?

Brokers and nominees must withhold the maximum amount under Treasury Regulation Section 1.1446(f).