HOUSTON, April 19, 2013 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced today that it will report first quarter 2013 financial and operating results before the market opens for trading on May 8, 2013. Following the announcement, management will host a first quarter 2013 earnings conference call at 10 a.m. CT. Interested parties are invited to participate on the call by dialing (866) 501-5542 (Conference ID: 32357528) at least 15 minutes prior to the start of the call or via the internet at www.memorialpp.com. A replay of the call will be available on MEMP's website or by phone at (855) 859-2056 (Conference ID: 32357528) for a seven-day period following the call.
As previously announced, the board of directors of its general partner approved and has now declared a cash distribution of $0.5125 per unit for the first quarter of 2013. This distribution represents an annualized amount of $2.05 per unit and a $0.02 annualized increase over the fourth quarter 2012 annualized distribution of $2.03 per unit and will be paid on May 13, 2013 to unitholders of record as of the close of business on May 1, 2013.
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 MEMP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of MEMP's 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 MEMP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.Memorial Production Partners LP is a Delaware limited partnership that was formed to own and acquire oil and natural gas properties in North America. MEMP's properties are located in South Texas, East Texas/North Louisiana and California and consist of mature, legacy oil and natural gas reservoirs. MEMP is headquartered in Houston, Texas.
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