Crosstex Declares Quarterly Distribution and Dividend
DALLAS--(BUSINESS WIRE)-- The Crosstex Energy companies today announced the declaration of the quarterly distribution for Crosstex Energy, L.P. (XTEX) (the Partnership) and the quarterly dividend for Crosstex Energy, Inc. (the Corporation) from the first quarter of 2013:
- The quarterly distribution on the Partnerships common units will be $0.33 per unit. The distribution is payable May 13 to unitholders of record April 30.
- The quarterly dividend on the Corporations common stock will be $0.12 per share. The dividend is payable May 15 to shareholders of record April 30.
About the Crosstex Energy Companies
Crosstex Energy, L.P. is an integrated midstream energy partnership headquartered in Dallas that offers diversified, tailored customer solutions spanning the energy value chain with services and infrastructure that link energy production with consumption. XTEX operates approximately 3,500 miles of natural gas, natural gas liquids and oil pipelines, 10 natural gas processing plants and four fractionators, as well as barge and rail terminals, product storage facilities, brine water disposal wells and an extensive truck fleet. XTEX has the right platform, the right opportunities and the right people to pursue its growth-focused business strategy.
Crosstex Energy, Inc. owns combined general and limited partner interests of approximately 19 percent and the incentive distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com.
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are based on certain assumptions made by the Partnership and the Corporation based upon management's experience and perception of historical trends, current conditions, expected future developments and other factors the Partnership and the Corporation believe are appropriate in the circumstances. These statements include, but are not limited to, statements with respect to results of operations and future growth and dividend and distribution guidance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership and the Corporation, which may cause the Partnership's and the Corporation's actual results to differ materially from those implied or expressed by the forward-looking statements. These risks include, but are not limited to, risks discussed in the Partnership's and the Corporation's filings with the Securities and Exchange Commission. The Partnership and the Corporation have no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Qualified Notice to Nominees:
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of the Partnerships distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnerships distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
Jill McMillan, 214-721-9271
Director, Public & Industry Affairs
Source: Crosstex EnergyCopyright Business Wire 2013