On July 16, 2013, the Partnership announced a cash distribution for the second quarter 2013 of $0.7150 per common unit, or $2.86 per unit on an annualized basis, representing an increase of approximately 3% over the first quarter 2013 and 11% over the distribution for the second quarter 2012. The cash distribution will be paid on August 14, 2013 on all outstanding common units to holders of record as of the close of business on July 29, 2013. The total distribution paid will be $102.4 million, with $66.5 million to the Partnership's third-party limited partners and $35.9 million to TRC for its ownership of common units, incentive distribution rights ("IDRs") and its 2% general partner interest in the Partnership.Targa Resources Partners - Capitalization, Liquidity and Financing Update
Targa Resources Partners LP And Targa Resources Corp. Report Second Quarter 2013 Financial Results
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