On May 13, 2019, Alinda Capital Partners LLC announced that it has discussed with management SemGroup Corporation’s plans for enhancing shareholder value, including whether the Company has considered exploring strategic alternatives. Alinda Capital stated that it intends to further discuss with management, the Board of Directors of the Company, potential acquirers, financing sources, advisors and/or other shareholders and may in the future formulate plans or proposals regarding the Company or its securities, including any potential strategic alternative intended to maximize shareholder value, including but not limited to a take private transaction designed to minimize the potential dilutive effect of outstanding preferred equity securities of the Company.