SAN ANTONIO--(BUSINESS WIRE)--Jan. 29, 2018--
NuStar Energy L.P. (NYSE: NS) today announced that its Board of
Directors has declared a fourth quarter 2017 Series A preferred unit
distribution of $0.53125 per unit, a Series B preferred unit
distribution of $0.47657 per unit and an initial Series C preferred unit
distribution of $0.65625 per unit. The preferred unit distributions will
be paid on March 15, 2018 to holders of record as of March 1, 2018.
NuStar Energy L.P.’s Board of Directors also declared a fourth quarter
2017 common unit distribution of $1.095 per unit. The fourth quarter
common unit distribution will be paid on February 13, 2018 to holders of
record as of February 8, 2018.
A conference call with management is scheduled for 9:00 a.m. CT on
Thursday, February 8, 2018, to discuss the financial and operational
results for the fourth quarter of 2017. Investors interested in
listening to the discussion may dial toll-free 844/889-7787, passcode
2577134. International callers may access the discussion by dialing
661/378-9931, passcode 2577134. The partnership intends to have a
playback available following the discussion, which may be accessed by
dialing toll-free 855/859-2056, passcode 2577134. International callers
may access the playback by dialing 404/537-3406, passcode 2577134. The
playback will be available until 12:00 p.m. CT on March 10, 2018.
Investors interested in listening to the live discussion or a replay via
the internet may access the discussion directly at https://edge.media-server.com/m6/p/yrns5949
or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based
in San Antonio, is one of the largest independent liquids terminal and
pipeline operators in the nation. NuStar currently has more than 9,300
miles of pipeline and 81 terminal and storage facilities that store and
distribute crude oil, refined products and specialty liquids. The
partnership’s combined system has more than 96 million barrels of
storage capacity, and NuStar has operations in the United States,
Canada, Mexico, the Netherlands, including St. Eustatius in the
Caribbean, and the United Kingdom. For more information, visit NuStar
Energy L.P.'s website at www.nustarenergy.com.
This release serves as qualified notice to nominees under Treasury
Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of
NuStar Energy L.P.’s distributions to foreign investors are attributable
to income that is effectively connected with a United States trade or
business. Accordingly, all of NuStar Energy L.P.’s distributions to
foreign investors are subject to federal income tax withholding at the
highest effective tax rate for individuals and corporations, as
applicable. Nominees, and not NuStar Energy L.P., are treated as the
withholding agents responsible for withholding on the distributions
received by them on behalf of foreign investors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180129005156/en/
Source: NuStar Energy L.P.
NuStar Energy, L.P., San Antonio
Investors, Chris Russell,
Treasurer and Vice President Investor Relations
Media, Mary Rose Brown, Executive Vice
President and Chief Administrative Officer,