Targa Resources Partners LP Announces 2020 Schedules K-1 Available

Rhea-AI Summary

Targa Resources Partners LP has completed the 2020 tax packages for holders of its 9% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, including Schedules K-1. The tax packages are accessible online via the Partnership's website and are expected to be mailed out during the week of March 1, 2021. Notably, these are the final tax packages for the Series A Preferred Units, which were redeemed on December 21, 2020.

Positive

• Completion of 2020 tax packages for Series A Preferred Units.
• Accessibility of tax packages online enhances investor communication.

Negative

• Tax packages signify the end of Series A Preferred Units' lifecycle after redemption.

HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) today announced it has completed the 2020 tax packages for the holders of Targa Resources Partners 9% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred (“Series A Preferred Units”), including Schedules K-1.

The tax packages are available online by accessing the Partnership's website at www.targaresources.com. The Partnership expects to complete the tax package mailing during the week of March 1, 2021. A link to K-1 Tax Support is located by first clicking on “Investors” and then clicking on “Tax Matters.” The tax packages can also be accessed by clicking https://www.partnerdatalink.com/targapreferreda. These units were redeemed by the Partnership on December 21, 2020. Accordingly, the 2020 tax packages are the final tax packages holders will receive.

Changes to tax packages for Targa Resources Partners LP Series A Preferred Units can be (i) made by clicking https://www.partnerdatalink.com/targapreferreda or www.targaresources.com, (ii) submitted by email to TargaPreferredAK1Help@deloitte.com, (iii) faxed to (215) 982-6302, (iv) directed to the Partnership’s K-1 call center at (844) 435-5150, or (v) mailed to the post office box shown below.

Partner DataLink
Targa Resources Partners LP
P. O. Box 8447
Hermitage, TN 37076-8447

About Targa Resources Corp.

Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary midstream infrastructure assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting and purchasing and selling natural gas; transporting, storing, fractionating, treating and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling and purchasing and selling crude oil.

For more information, please visit our website at www.targaresources.com.

Contact the Company's investor relations department by email at InvestorRelations@targaresources.com or by phone at (713) 584-1133.

Sanjay Lad
Vice President, Finance & Investor Relations

Jennifer Kneale
Chief Financial Officer

FAQ

What is the latest announcement from Targa Resources Partners regarding tax packages?

Targa Resources Partners has completed the 2020 tax packages for its 9% Series A Preferred Units.

When will the 2020 tax packages for Targa Resources Partners be mailed?

The tax packages are expected to be mailed out during the week of March 1, 2021.

Where can I access the 2020 tax packages for Targa Resources Partners?

The tax packages can be accessed online at Targa Resources Partners' website.

What does the redemption of Series A Preferred Units mean for investors?

The redemption signifies the end of the Series A Preferred Units lifecycle, with no further tax packages to be issued.