Inactive Instrument

Teekay Offshore Partners L.P.

Equities

TOO

Oil & Gas Transportation Services

Teekay Offshore Partners L P : Declares Distributions on Series A, B, C-1 and D Preferred Units

April 04, 2017 at 10:19 pm EDT

HAMILTON, BERMUDA-(Marketwired - April 3, 2017) - Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared the following distributions for the period from February 15, 2017 to May 14, 2017:

Units	Amount	Record Date	Payment Date	Payment Type
Series A Preferred Units	$0.4531 per unit	May 8, 2017	May 15, 2017	Cash
Series B Preferred Units	$0.5313 per unit	May 8, 2017	May 15, 2017	Cash
Series C-1 Preferred Units	$0.5149 per unit	May 8, 2017	May 15, 2017	New common units
Series D Preferred Units	$0.6563 per unit	May 8, 2017	May 15, 2017	New common units

About Teekay Offshore

Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 62 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.

Teekay Offshore Partners' common units and Series A and B preferred units trade on the New York Stock Exchange under the symbol 'TOO', 'TOO PR A' and 'TOO PR B', respectively.

Teekay Offshore Partners LP published this content on 03 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 April 2017 02:18:14 UTC.

Original documenthttp://teekay.com/blog/2017/04/03/teekay-offshore-partners-declares-distributions-on-series-a-b-c-1-and-d-preferred-units-3/

Public permalinkhttp://www.publicnow.com/view/A5CB192176FEE5A622461CD814A96D322C5C247F

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Company Profile

Altera Infrastructure LP, formerly Teekay Offshore Partners L.P., is a energy infrastructure services provider primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers, floating production, storage and off-loading (or FPSO) units, floating storage and off-take (FSO) units, a unit for maintenance and safety (UMS) and long-distance towage and offshore installation vessels. The Company's segments include shuttle tanker segment, FPSO segment, FSO segment, Towage and UMS segment. The Company's fleet consists of approximately 32 shuttle tankers, including over two chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over seven FPSO units, approximately five FSO units, over 10 long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.

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Oil & Gas Transportation Services

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