DEADLINE ALERT: Brower Piven Alerts Shareholders Of Approaching Deadline In Class Action Lawsuit And Encourages Those With Losses In Excess Of $100,000 From Investment In Ferrellgas Partners, L.P. To Contact The Firm

The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Ferrellgas Partners, L.P. (NYSE: FGP) ("Ferrellgas Partners" or the "Company") securities during the period between June 1, 2015, and September 28, 2016, inclusive (the "Class Period"). Investors who wish to become proactively involved in the litigation have until December 5, 2016 to seek appointment as lead plaintiff.

If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Ferrellgas Partners securities during the Class Period. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the Company's propane sales were declining, its midstream logistics business was being negatively impacted by low crude oil prices, the Company's Adjusted EBITDA would fall below the Company's projections, and the Company was becoming more and more leveraged, and that, in response, the Company would need to obtain an amendment under its secured credit facility and accounts receivable securitization facility to increase the maximum leverage ratio, which would likely cause the Company to reduce its dividend.

According to the complaint, following a September 28, 2016 announcement disclosing that the Company's President and Chief Executive Officer has stepped down, the Company had a net loss for fiscal 2016 due to lower propane sales and low oil prices, the Company's leverage levels have increased and are approaching the limit under its credit facility, the Company had obtained an amendment to its credit facility, and that the Company was considering reducing its dividends, the value of Ferrellgas Partners shares declined significantly.

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