Buckeye announced today that its general partner declared a cash distribution of $1.05 per limited partner ("LP") unit for the quarter ended March 31, 2013. Class B unitholders will not receive a distribution of cash, but instead will be issued additional Class B units pursuant to Buckeye's partnership agreement. The distribution will be payable on May 31, 2013 to unitholders of record on May 16, 2013. This cash distribution represents a 1.2% percent increase over the $1.0375 per LP unit distribution declared for the first quarter of 2012. Buckeye has paid cash distributions in each quarter since its formation in 1986.Buckeye will host a conference call with members of executive management today, May 3, 2013, at 11:00 a.m. Eastern Time. To access the live Webcast of the call, go to http://investor.shareholder.com/media/eventdetail.cfm?eventid=128241&CompanyID=AMDA-QJUY2&e=1&mediaKey=D17492E652916DA0EAD3A8A9634A6324 ten minutes prior to its start. Interested parties may participate in the call by dialing 877-870-9226. A replay will be archived and available at this link until June 30, 2013, and the replay also may be accessed by dialing 800-585-8367 and entering conference ID 35684636.
Buckeye Partners, L.P. Reports 2013 First Quarter Results; Increases Quarterly Cash Distribution
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