Green Plains Partners Increases Quarterly Distribution

Rhea-AI Summary

On July 21, 2022, Green Plains Partners LP (NASDAQ: GPP) declared a quarterly cash distribution of $0.45 per unit for Q2 2022, marking a 4th consecutive increase from the previous $0.445 distribution. This raises the annualized distribution to $1.80 per unit. The payment is scheduled for August 12, 2022, for unitholders on record as of August 5, 2022. This notice also informs foreign investors that distributions are subject to U.S. federal income tax withholding. Green Plains Partners is focused on fuel storage and transportation services.

Positive

• Quarterly cash distribution increased to $0.45 per unit.
• Fourth consecutive increase in distribution.
• Annualized distribution now at $1.80 per unit.

Negative

• None.

OMAHA, Neb., July 21, 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 $0.45 per unit on all of its outstanding common units for the second quarter of 2022, or $1.80 per unit on an annualized basis. The increase over the previous quarterly distribution of $0.445 per unit is the fourth consecutive increase. The distribution is payable on August 12, 2022, to unitholders of record at the close of business on August 5, 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