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, amounting to an annualized $0.48, for Q2 2020. This distribution is set to be paid on August 7, 2020, to unitholders of record by July 31, 2020.

The press release also states that all distributions to foreign investors are subject to U.S. federal income tax withholding. Green Plains Partners focuses on fuel storage and transportation services through ownership and operation of relevant assets.

Positive

• Quarterly cash distribution of $0.12 per unit, providing consistent returns to unitholders.
• Annualized distribution amount of $0.48 indicates stable financial health.

Negative

• None.

OMAHA, Neb., July 16, 2020 (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 second quarter of 2020. The distribution is payable on August 7, 2020, to unitholders of record at the close of business on July 31, 2020.

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.

Green Plains Inc. Contacts
Investors: Phil Boggs | Senior Vice President, Investor Relations & Treasurer | 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 distribution amount announced by GPP?

Green Plains Partners LP announced a quarterly distribution of $0.12 per unit.

When will GPP's cash distribution be paid?

The cash distribution will be paid on August 7, 2020.

What is the annualized distribution for GPP?

The annualized distribution for GPP is $0.48 per unit.

What is the record date for GPP's distribution?

The record date for GPP's distribution is July 31, 2020.

Are distributions to foreign investors taxable?

Yes, all distributions to foreign investors are subject to U.S. federal income tax withholding.