Green Plains Partners Declares Quarterly Distribution

Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) has declared a quarterly cash distribution of $0.44 per unit for Q4 2021, which equates to $1.76 annually. The distribution is set to be paid on February 11, 2022, to unitholders recorded by the end of business on February 4, 2022. Additionally, the partnership's distributions to foreign investors will be subject to the highest U.S. federal income tax withholding rate, as they are considered effectively connected with U.S. trade or business. This notice provides essential information for unitholders and potential investors.

Positive

• Quarterly cash distribution announced at $0.44 per unit.
• Annualized distribution rate of $1.76 per unit.

Negative

• Distributions to foreign investors subject to high U.S. federal income tax withholding.

OMAHA, Neb., Jan. 20, 2022 (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 $0.44 per unit on all of its outstanding common units, or $1.76 per unit on an annualized basis, for the fourth quarter of 2021. The distribution is payable on Feb. 11, 2022, to unitholders of record at the close of business on Feb. 4, 2022.

This release serves as a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100% 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 terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit www.greenplainspartners.com.

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

FAQ

What is the quarterly cash distribution for GPP announced in January 2022?

Green Plains Partners LP announced a quarterly cash distribution of $0.44 per unit for Q4 2021.

When will GPP's distribution be paid to unitholders?

The distribution will be paid on February 11, 2022, to unitholders of record as of February 4, 2022.

What is the annualized distribution rate for GPP in 2021?

The annualized distribution rate for Green Plains Partners LP is $1.76 per unit.

Are GPP distributions to foreign investors subject to taxes?

Yes, all distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.