CANONSBURG, Pa., Jan. 30, 2015 /PRNewswire/ -- Rice Midstream Partners LP (NYSE: RMP) today announced the Board of Directors of its general partner has approved a prorated cash distribution of $0.0204 per common unit for the fourth quarter 2014.
This is the first distribution declared by RMP and the prorated amount corresponds to the minimum quarterly distribution of $0.1875 per unit, or $0.75 per unit on an annualized basis. RMP adjusted its first cash distribution for the 10-day period following the closing of its initial public offering on December 22, 2014 through December 31, 2014. The distribution is payable on February 20, 2015, to unitholders of record on February 11, 2015. The ex-dividend date is February 9, 2015.
About Rice Midstream Partners
Rice Midstream Partners LP is a fee-based, growth-oriented limited partnership formed by Rice Energy Inc. (NYSE: RICE) to own, operate, develop and acquire midstream assets in the Appalachian basin. RMP provides midstream services to Rice Energy and third-party companies through its natural gas gathering and compression assets in the rapidly developing dry gas core of the Marcellus Shale in southwestern Pennsylvania.
For more information, please visit www.ricemidstream.com.
Notice
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of RMP distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, RMP's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
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SOURCE Rice Midstream Partners LP
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