Chesapeake Midstream Partners, L.P. : Increases Distribution to $0.405 Per Unit for the 2012 First Quarter
04/27/2012| 07:35am US/Eastern
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Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the
Board of Directors of its general partner declared a cash distribution
of $0.405 per limited partner unit for the 2012 first quarter. The first
quarter distribution represents an increase of $0.055, or 15.7%,
compared to the 2011 first quarter and represents an increase of $0.015,
or 3.8%, compared to the 2011 fourth quarter.
The distribution will be payable on May 15, 2012 to all unitholders of
record at the close of business on May 8, 2012, together with the
distribution to the general partner.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Please note that 100% of the
Partnership's distributions to foreign investors are attributable to
income that is effectively connected with a United States trade or
business. Accordingly, the Partnership's distributions to foreign
investors are subject to federal income tax withholding at the highest
applicable effective tax rate.
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) is the industry's
largest gathering and processing master limited partnership as measured
by throughput volume and owns, operates, develops and acquires natural
gas gathering systems and other midstream energy assets. Headquartered
in Oklahoma City, the Partnership's operations are focused on the
Barnett Shale, Haynesville Shale, Marcellus Shale and Mid-Continent
regions of the U.S. The Partnership's common units are
listed on the New York Stock Exchange under the symbol CHKM. Further
information is available at www.chkm.com
where the Partnership routinely posts announcements, updates, events,
investor information and presentations and all recent press releases.
This press release includes forward-looking statements.
Forward-looking statements give our current expectations or forecasts of
future events. They include but are not limited to future
distributions and other statements concerning our business strategy and
plans and objectives for future operations. We caution you not to place
undue reliance on our forward-looking statements, which speak only as of
the date of this release, and we undertake no obligations to update this
information. Although we believe the expectations and forecasts
reflected in these and other forward-looking statements are reasonable,
we can give no assurance they will prove to be correct. They can
be affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Factors that could cause actual results to differ
materially from expected results are described under "Risk Factors" in
our 2011 Annual Report on Form 10-K.
Chesapeake Midstream Partners, L.P.
Investor Contact:
Dave
Shiels, CFO, 405-935-6224
dave.shiels@chk.com
or
Media
Contact:
Michael Kehs, 405-935-2560
michael.kehs@chk.com
or
Jim
Gipson, 405-935-1310
jim.gipson@chk.com
© Business Wire 2012
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