Green Plains Partners Declares Quarterly Distribution

Green Plains Partners LP (NASDAQ:GPP) announced a quarterly cash distribution of $0.12 per unit, amounting to $0.48 annually, for Q2 2021.

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Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) announced a quarterly cash distribution of $0.12 per unit, amounting to $0.48 annually, for Q2 2021. The distribution is payable on August 13, 2021, to unitholders on record by August 6, 2021. This release also notes that all distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate. Green Plains Partners focuses on providing fuel storage and transportation services.

Positive

Quarterly cash distribution set at $0.12 per unit, indicating ongoing cash generation.
Annualized distribution yield of $0.48 per unit demonstrates stable returns for investors.

Negative

None.

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07/22/2021 - 04:01 PM EDT

OMAHA, Neb., July 22, 2021 (GLOBE NEWSWIRE) -- Green Plains Partners LP (NASDAQ:GPP) today announced that the board of directors of its general partner declared a quarterly cash distribution of $0.12 per unit on all of its outstanding common units, or $0.48 per unit on an annualized basis, for the second quarter of 2021. The distribution is payable on Aug. 13, 2021, to unitholders of record at the close of business on Aug. 6, 2021.

This release serves as a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of Green Plains Partners’ distributions to foreign investors are attributable to income that is effectively connected with a U.S. trade or business. Accordingly, all of the partnership’s distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Green Plains Partners' cash distribution for Q2 2021?

Green Plains Partners LP declared a cash distribution of $0.12 per unit for Q2 2021.

When is the distribution payable for GPP?

The distribution is payable on August 13, 2021.

What is the annualized distribution of Green Plains Partners LP?

The annualized distribution is $0.48 per unit.

What is the record date for the cash distribution of GPP?

The record date for the cash distribution is August 6, 2021.

Are distributions to foreign investors taxed?

Yes, 100% of distributions to foreign investors are subject to U.S. federal income tax withholding.

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Green Plains Partners Declares Quarterly Distribution