Green Plains Partners Declares Quarterly Distribution

Green Plains Partners LP (NASDAQ:GPP) has declared a quarterly cash distribution of $0.12 per unit, amounting to $0.48 annually for Q4 2020.

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Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) has declared a quarterly cash distribution of $0.12 per unit, amounting to $0.48 annually for Q4 2020. This distribution is set to be paid on February 12, 2021, to unitholders recorded by February 5, 2021. All distributions to foreign investors will be subject to U.S. federal income tax withholding at the highest effective rate. Green Plains Partners focuses on providing fuel storage and transportation services.

Positive

Declared quarterly cash distribution of $0.12 per unit.
Distribution amounts to $0.48 on an annual basis.
Payment date is set for February 12, 2021.

Negative

None.

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01/21/2021 - 04:30 PM EST

OMAHA, Neb., Jan. 21, 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 fourth quarter of 2020. The distribution is payable on February 12, 2021, to unitholders of record at the close of business on February 5, 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

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What is the cash distribution amount for GPP for Q4 2020?

Green Plains Partners LP (GPP) has declared a cash distribution of $0.12 per unit for Q4 2020.

When will GPP's quarterly distribution be paid?

The quarterly distribution for GPP will be paid on February 12, 2021.

What is the total annual distribution for GPP in 2020?

The total annual distribution for GPP in 2020 is $0.48 per unit.

When is the record date for GPP's distribution?

The record date for GPP's distribution is February 5, 2021.

Are GPP distributions subject to U.S. taxation for foreign investors?

Yes, all distributions to foreign investors are subject to U.S. federal income tax withholding.

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Green Plains Partners Declares Quarterly Distribution