Sprague Resources LP Declares Cash Distribution for the Fourth Quarter of 2013
PORTSMOUTH, N.H., Jan. 29, 2014 /PRNewswire/ -- Sprague Resources LP ("Sprague") (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC, has declared a cash distribution of $0.2825 per unit for the period October 30 through December 31, 2013, reflecting the sixty-three days after the closing of Sprague's initial public offering. The distribution equates to $0.4125 per unit ($1.65 per unit on an annualized basis) had Sprague been public for the full fourth quarter 2013.
The distribution will be paid on February 14, 2014 to unitholders of record as of the close of business February 10, 2014.
About Sprague Resources LP
Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. The company also provides storage and handling services for a broad range of materials.
This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Sprague's prospectus and SEC filings. Sprague undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
SOURCE Sprague Resources LP