LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners L.P. (NASDAQ:BBEP) announced today a cash distribution of $0.1675 per common unit for the first month attributable to the second quarter of 2014, payable on July 16, 2014, to record holders of its common units at the close of business on July 11, 2014. This monthly distribution represents an increase from the last distribution of $0.1658 per common unit and is $2.01 per common unit on an annualized basis.
Breitburn also announced today a cash distribution for its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ: BBEPP) of $0.171875 per Series A Unit, payable on August 15, 2014, to record holders of its Series A Units at the close of business on July 31, 2014. This monthly distribution rate is equal to an annual distribution of $2.0625 per Series A Unit.
About Breitburn Energy Partners L.P.
Breitburn Energy Partners L.P. is a publicly-traded independent oil and gas master limited partnership focused on the acquisition, exploitation, 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 Breitburn’s other public filings and press releases.
Non-U.S. investors are not eligible holders of Breitburn common and Series A Units. 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.