CANONSBURG, Pa., July 22, 2016 /PRNewswire/ -- Rice Midstream Partners LP (NYSE: RMP) ("RMP") today announced the Board of Directors of its general partner has approved a cash distribution of $0.2235 per unit for the second quarter 2016, an increase of $0.0135 per unit, or 6% above the first quarter 2016 distribution. The distribution is payable on August 11, 2016, to unitholders of record on August 2, 2016.
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, compression, and water assets in the dry gas cores of the Marcellus and Utica Shales.
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's 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.