The board of directors of Dominion Midstream GP LLC, the general partner of Dominion Midstream Partners LP, has declared a 3Q15 cash distribution of US$0.20 per unit – an increase of 7% above the 2Q15 distribution – which corresponds to an annualised distribution rate of US$0.80 per unit.
Distributions are payable on 13 November 2015, to unitholders of record at the close of business 3 November 2015.
The partnership's last quarterly distribution was declared 17 July 2015.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). All of Dominion Midstream's distributions to foreign investors should be treated by brokers and nominees as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
Dominion Midstream is a growth-oriented Delaware limited partnership formed by Dominion Resources, Inc., in March 2014 to own, operate, develop and acquire natural gas import, storage, regasification, transportation and related assets. It is headquartered in Richmond, Va.
Dominion Midstream Partners, LP, filed its Annual Report on Form 10-K for the fiscal year ended 31 December 2014, with the Securities and Exchange Commission (SEC) on 27 February 2015.
Upon written request, unitholders may receive, free of charge, a copy of Dominion Midstream's Annual Report on Form 10-K (including complete audited financial statements). Requests should be communicated in writing to Dominion Midstream Partners, LP, Attention: Corporate Secretary, 120 Tredegar Street, Richmond, VA 23219.
Edited from press release by Angharad Lock