Green Plains Partners Declares Quarterly Distribution

Green Plains Partners LP (NASDAQ:GPP) declared a quarterly cash distribution of $0.435 per unit, amounting to an annualized $1.74 per unit, for Q3 2021.

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Rhea-AI Summary

Green Plains Partners LP (NASDAQ:GPP) declared a quarterly cash distribution of $0.435 per unit, amounting to an annualized $1.74 per unit, for Q3 2021. The payout is scheduled for Nov. 12, 2021, to unitholders on record by Nov. 5, 2021. This distribution is relevant for foreign investors, as it is subject to the highest U.S. federal income tax withholding rate. Green Plains Partners focuses on providing fee-based fuel storage and transportation services.

Positive

Quarterly cash distribution of $0.435 per unit declared.
Annualized distribution of $1.74 per unit.

Negative

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

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10/19/2021 - 04:32 PM EDT

OMAHA, Neb., Oct. 19, 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 $0.435 per unit on all of its outstanding common units, or $1.74 per unit on an annualized basis, for the third quarter of 2021. The distribution is payable on Nov. 12, 2021, to unitholders of record at the close of business on Nov. 5, 2021.

This release serves as a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). Please note that 100% 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 announced by GPP for Q3 2021?

Green Plains Partners LP announced a cash distribution of $0.435 per unit for Q3 2021.

When will the GPP distribution be paid?

The distribution will be paid on Nov. 12, 2021, to unitholders of record on Nov. 5, 2021.

What is the annualized cash distribution for GPP?

The annualized cash distribution for GPP is $1.74 per unit.

Are GPP's distributions subject to tax for foreign investors?

Yes, 100% of GPP's distributions to foreign investors are subject to the highest U.S. federal income tax withholding.

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Green Plains Partners Declares Quarterly Distribution