Green Plains Partners Declares Quarterly Distribution

Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) announced a quarterly cash distribution of $0.12 per unit for Q1 2021, equating to $0.48 annually. This distribution will be payable on May 14, 2021, to unitholders of record by the close of business on May 7, 2021. The press release also clarified that all distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate, as they are linked to U.S. trade or business income. For more details, visit their website.

Positive

• Quarterly cash distribution of $0.12 per unit announced.
• Annualized distribution of $0.48 per unit reflects stable cash flow.

Negative

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

OMAHA, Neb., April 22, 2021 (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 $0.12 per unit on all of its outstanding common units, or $0.48 per unit on an annualized basis, for the first quarter of 2021. The distribution is payable on May 14, 2021, to unitholders of record at the close of business on May 7, 2021.

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 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 | Senior Vice President, Investor Relations | 402.884.8700 | phil.boggs@gpreinc.com
Media: Leighton Eusebio | Manager, Public Relations | 402.952.4971 | leighton.eusebio@gpreinc.com        

FAQ

What is the quarterly cash distribution declared by GPP for Q1 2021?

Green Plains Partners LP (NASDAQ:GPP) declared a quarterly cash distribution of $0.12 per unit for Q1 2021.

When will GPP's distribution be payable?

The distribution will be payable on May 14, 2021.

What date must I hold GPP units to receive the Q1 2021 distribution?

Investors must be unitholders of record by the close of business on May 7, 2021.

What is the annualized cash distribution for GPP?

The annualized cash distribution for GPP is $0.48 per unit.

How are distributions to foreign investors taxed by GPP?

Distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.