HOUSTON, July 19, 2012 /PRNewswire/ -- Oiltanking Partners, L.P. (NYSE: OILT), announced today that the Board of Directors of its general partner has declared a cash distribution for the second quarter of 2012 of $0.36 per unit, or $1.44 per unit on an annualized basis, for all of its outstanding limited partner units. The second quarter distribution represents a 2.9% increase over the prior quarter distribution of $0.35 per limited partnership unit. The distribution will be paid on August 14, 2012 to all unitholders of record on August 3, 2012.
Oiltanking Partners is a master limited partnership engaged in independent storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas. We provide our services to a variety of customers, including major integrated oil companies, distributors, marketers and chemical and petrochemical companies. Our assets are located along the Gulf Coast of the United States. For more information, visit www.oiltankingpartners.com.
This press release contains forward-looking statements. These forward-looking statements reflect Oiltanking Partners' current views with respect to future events, based on what it believes are reasonable assumptions. No assurance can be given, however, that these events will occur. These statements are subject to risks and uncertainties as described in Oiltanking Partners' filings with the Securities and Exchange Commission, available at the SEC's website at www.sec.gov. By issuing forward-looking statements based on current expectations, opinions, views or beliefs, Oiltanking Partners has no obligation and, except as required by law, is not undertaking any obligation, to update or revise these statements or provide any other information relating to such statements.This release is intended to be a qualified notice, as provided for under Treasury Regulation Section 1.1446-4(b), given by a publicly traded partnership for the broker and nominee to be treated as the withholding agent. Brokers and nominees should treat one hundred percent (100.0%) of Oiltanking Partners' distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Oiltanking Partners' distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Contacts: Ken Owen, Chief Financial Officer firstname.lastname@example.org(855) 866-6458
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV