MarkWest Energy Partners, L.P. (NYSE: MWE) today announced that the
Board of Directors of the General Partner of MarkWest Energy Partners,
L.P., declared a cash distribution of $0.76 per common unit for the
fourth quarter of 2011, for an implied annual rate of $3.04 per common
unit. The fourth quarter 2011 distribution represents an increase of
$0.11 per common unit, or 16.9 percent, compared to the fourth quarter
2010 distribution and an increase of $0.03 per common unit, or 4.1
percent, compared to the third quarter 2011 distribution.
The fourth quarter 2011 distribution is payable February 14, 2012, to
unitholders of record on February 6, 2012. The ex-dividend date is
February 2, 2012.
MarkWest Energy Partners, L.P. is a master limited partnership
engaged in the gathering, transportation, and processing of natural gas;
the transportation, fractionation, marketing, and storage of natural gas
liquids; and the gathering and transportation of crude oil. MarkWest has
extensive natural gas gathering, processing, and transmission operations
in the southwest, Gulf Coast, and northeast regions of the United
States, including the Marcellus Shale, and is the largest natural gas
processor and fractionator in the Appalachian region.
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees should
treat one hundred percent (100.0%) of MarkWest’s distributions to
non-U.S. investors as being attributable to income that is effectively
connected with a United States trade or business.
Accordingly, MarkWest’s
distributions to non-U.S. investors are subject to federal income tax
withholding at the highest applicable effective tax rate.
This press release includes "forward-looking statements.”
All
statements other than statements of historical facts included or
incorporated herein may constitute forward-looking statements. Actual
results could vary significantly from those expressed or implied in such
statements and are subject to a number of risks and uncertainties.
Although MarkWest believes that the expectations reflected in the
forward-looking statements are reasonable, MarkWest can give no
assurance that such expectations will prove to be correct. The
forward-looking statements involve risks and uncertainties that affect
operations, financial performance, and other factors as discussed in
filings with the Securities and Exchange Commission.
Among the
factors that could cause results to differ materially are those risks
discussed in the periodic reports MarkWest files with the SEC, including
its Annual Report on Form 10-K for the year ended December 31, 2010, and
its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2011,
and September 30, 2011. You are urged to carefully review and consider
the cautionary statements and other disclosures made in those filings,
specifically those under the heading "Risk Factors.”
MarkWest
does not undertake any duty to update any forward-looking statement
except as required by law.
