This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Vanguard's distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Vanguard’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Vanguard Natural Resources, LLC (NASDAQ: VNR) (“Vanguard”) has declared a cash distribution attributable to the month of March 2014 of $0.21 per unit ($2.52 on an annual basis) payable on May 15, 2014 to unitholders of record on May 1, 2014. Vanguard also declared a cash distribution for its 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (NASDAQ: “VNRAP”) of $0.1641 per unit payable on May 15, 2014 to unitholders of record on May 1, 2014. In addition, Vanguard had declared its first cash distribution for its 7.625% Series B Cumulative Redeemable Perpetual Preferred Units (NASDAQ: “VNRBP”) of $0.33889 per unit payable on May 15, 2014 to unitholders of record on May 1, 2014. This marks the initial distribution payment of VNRBP for the period March 11, 2014 through May 15, 2014. Future monthly cash distributions for VNRBP will be $0.15885 per unit. About Vanguard Natural Resources, LLC Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties. Vanguard's assets consist primarily of producing and non-producing oil and natural gas reserves located in the Green River Basin in Wyoming, the Arkoma Basin in Arkansas and Oklahoma, the Permian Basin in West Texas and New Mexico, the Big Horn Basin in Wyoming and Montana, the Piceance Basin in Colorado, the Gulf Coast Basin in Texas and Mississippi, the Williston Basin in North Dakota and Montana, the Wind River Basin in Wyoming and the Powder River Basin in Wyoming. More information on Vanguard can be found at www.vnrllc.com. Forward-Looking Statements We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the "Risk Factors" section in our SEC filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.