RICHMOND, Va., Oct. 23, 2015 /PRNewswire/ -- The board of directors of Dominion Midstream GP, LLC, the general partner of Dominion Midstream Partners, LP ( NYSE: DM), has declared a third-quarter 2015 cash distribution of $0.20 per unit – an increase of 7 percent above the second-quarter 2015 distribution – which corresponds to an annualized distribution rate of $0.80 per unit.
Distributions are payable on Nov. 13, 2015, to unitholders of record at the close of business Nov. 3, 2015.
The partnership's last quarterly distribution was declared July 17, 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.
Dominion Midstream is a growth-oriented Delaware limited partnership formed by Dominion Resources, Inc., in March 2014 to own, operate, develop and acquire natural gas import, storage, regasification, transportation and related assets. It is headquartered in Richmond, Va. For more information about Dominion Midstream, visit its website at www.dommidstream.com.
Dominion Midstream Partners, LP, filed its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2014, with the Securities and Exchange Commission (SEC) on Feb. 27, 2015. The filing may be viewed through Dominion Midstream's website at www.dommidstream.com by selecting the "SEC Filings" link under the "Investors" tab.
Upon written request, unitholders may receive, free of charge, a copy of Dominion Midstream's Annual Report on Form 10-K (including complete audited financial statements). Requests should be communicated in writing to Dominion Midstream Partners, LP, Attention: Corporate Secretary, 120 Tredegar Street, Richmond, VA 23219.
SOURCE Dominion Midstream Partners