Green Plains Partners Declares Quarterly Distribution

Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) declared a quarterly cash distribution of $0.455 per unit for Q4 2022, translating to an annualized rate of $1.82 per unit. This distribution is set for payment on February 10, 2023, to unitholders on record as of February 3, 2023. Additionally, all distributions to foreign investors will be subject to U.S. federal income tax withholding at the highest effective rate, as they relate to income connected with U.S. trade or business.

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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 fourth quarter of 2022, or $1.82 per unit on an annualized basis. The distribution is payable on February 10, 2023, to unitholders of record at the close of business on February 3, 2023.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230119005879/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 cash distribution amount declared by Green Plains Partners for Q4 2022?

Green Plains Partners declared a cash distribution of $0.455 per unit for Q4 2022.

When will the cash distribution from Green Plains Partners be paid?

The cash distribution will be paid on February 10, 2023.

Who is eligible to receive the cash distribution from Green Plains Partners?

Unitholders of record as of February 3, 2023, are eligible to receive the cash distribution.

Are distributions to foreign investors subject to tax?

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

What is the annualized distribution rate for Green Plains Partners?

The annualized distribution rate for Green Plains Partners is $1.82 per unit.