RICHMOND, Va., Jan. 23, 2015 /PRNewswire/ --The board of directors of Dominion Midstream Partners, LP (NYSE: DM), has declared a fourth-quarter 2014 cash distribution of $0.1389 per unit. This is Dominion Midstream's first declared distribution – prorated for the partial quarter following the closing of the partnership's initial public offering on Oct. 20, 2014. It corresponds to the minimum quarterly distribution of $0.175 per unit, or $0.70 per unit annually.
Distributions are payable on Feb. 13, 2015, to unitholders of record at the close of business Feb. 3, 2015.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). All of Dominion Midstream's distributions to foreign investors should be treated by brokers and nominees as being 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 effective tax rate.
About Dominion Midstream
Dominion Midstream is a growth-oriented Delaware limited partnership formed by Dominion in March 2014 to initially own all of the outstanding preferred equity interests in Dominion Cove Point LNG, LP, a Delaware limited partnership, which owns liquefied natural gas import, storage, regasification and transportation assets. It is headquartered in Richmond, Va. For more information about Dominion Midstream, visit its website at www.dommidstream.com.
SOURCE Dominion Midstream Partners