NuStar Energy L.P. Declares First Quarter 2023 Common Unit Distribution and Series A, Series B and Series C Preferred Units Distributions
27 April 2023 - 11:12PM
Business Wire
NuStar Energy L.P. (NYSE: NS) today announced that its Board of
Directors has declared a first quarter 2023 common unit
distribution of $0.40 per unit. The first quarter common unit
distribution will be paid on May 12, 2023 to holders of record as
of May 8, 2023.
NuStar Energy L.P.’s Board of Directors also declared a first
quarter 2023 Series A preferred unit distribution of $0.73169 per
unit, a Series B preferred unit distribution of $0.66150 per unit
and a Series C preferred unit distribution of $0.73881 per unit.
The preferred unit distributions will be paid on June 15, 2023 to
holders of record as of June 1, 2023.
A conference call with management is scheduled for 9:00 a.m. CT
on Thursday, May 4, 2023, to discuss the financial and operational
results for the first quarter of 2023. Persons interested in
listen-only participation may access the conference call directly
at https://edge.media-server.com/mmc/p/fnk2v7x2. Persons interested
in Q&A participation may pre-register for the conference call
and obtain a dial-in number and passcode at
https://register.vevent.com/register/BI3c790e56797c443d95909ed3a22b5f52.
A recorded version will be available two hours after the conclusion
of the conference call at
https://edge.media-server.com/mmc/p/fnk2v7x2.
The conference call may also be accessed through the “Investors”
section of NuStar Energy L.P.’s website at
https://investor.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership
based in San Antonio, Texas, is one of the largest independent
liquids terminal and pipeline operators in the nation. NuStar
currently has approximately 9,500 miles of pipeline and 63 terminal
and storage facilities that store and distribute crude oil, refined
products, renewable fuels, ammonia and specialty liquids. The
partnership’s combined system has approximately 49 million barrels
of storage capacity, and NuStar has operations in the United States
and Mexico. For more information, visit NuStar Energy L.P.’s
website at www.nustarenergy.com and its Sustainability page at
https://sustainability.nustarenergy.com/.
This release serves as qualified notice to nominees under
Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f).
Please note that 100% of NuStar Energy L.P.’s distributions to
foreign investors are attributable to income that is effectively
connected with a United States trade or business. 100% of the
distribution is in excess of cumulative net income for purposes of
Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Accordingly,
all of NuStar Energy L.P.’s distributions to foreign investors are
subject to federal income tax withholding at the highest effective
tax rate for individuals and corporations, as applicable. Nominees,
and not NuStar Energy L.P., are treated as the withholding agents
responsible for withholding on the distributions received by them
on behalf of foreign investors.
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version on businesswire.com: https://www.businesswire.com/news/home/20230427005881/en/
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687) or Media, Mary Rose Brown,
Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
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