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Green Plains Partners Announces Quarterly Distribution
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OMAHA, Neb.--(BUSINESS WIRE)--
Green Plains Partners LP (NASDAQ:GPP) today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.455 per unit on all of its outstanding common units for the first quarter of 2023, or $1.82 per unit on an annualized basis. The distribution is payable on May 12, 2023, to unitholders of record at the close of business on May 5, 2023.
Qualified Notice
This release serves as qualified notice to brokers and nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100% of Green Plains Partners’ distributions to non-U.S. investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to non-U.S. investors are subject to U.S. federal income tax withholding at the highest applicable effective tax rate.
This release also serves as qualified notice that the 10% exception to withholding described in Treasury Regulation Section 1.1446(f)-4(b)(3) does not apply. Furthermore, 100% of distributions to foreign investors is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees must withhold the maximum amount under Treasury Regulation Section 1.1446(f).
About Green Plains Partners LP
Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit www.greenplainspartners.com.
green plains partners lp provides fuel storage and transportation services in the united states. it acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. the company owns or leases 32 ethanol storage facilities and approximately 49 acres of land; and 7 fuel terminals in alabama, arkansas, louisiana, mississippi, kentucky, and oklahoma. it also owns and operates fleet of 19 trucks and tankers for transportation of ethanol and other products. green plains holdings llc serves as the general partner of the company. the company was founded in 2015 and is headquartered in omaha, nebraska. green plains partners lp is a subsidiary of green plains inc.
