LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners L.P. (NASDAQ:BBEP) announced today a cash distribution of $0.1658 per common unit for the third month attributable to the first quarter 2014, payable on June 12, 2014, to holders of common units of record at the close of business on June 9, 2014. This monthly distribution is approximately $1.99 per common unit on an annualized basis.
About Breitburn Energy Partners L.P.
Breitburn Energy Partners L.P. (Breitburn) is a publicly-traded independent oil and gas limited partnership focused on the acquisition, exploitation, development and production of oil and gas properties throughout the United States. Breitburn’s producing and non-producing crude oil and natural gas reserves are located in Michigan, Oklahoma, Texas, Wyoming, California, Florida, Indiana and Kentucky. See www.Breitburn.com for more information.
Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Breitburn expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by Breitburn based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. See “Risk Factors” in Breitburn’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 28, 2014 and other public filings and press releases.
As set forth in more detail in our Annual Report on Form 10-K, non-U.S. investors are not Eligible Holders of Breitburn units. In addition to the other consequences of not qualifying as Eligible Holders, this press release is intended to provide a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Breitburn’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a U.S. trade or business. Accordingly, Breitburn’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.