Energy Transfer Partners Launches New Cash Distribution Reinvestment Plan
Highlights of ETP’s Plan are:
- Both unitholders of record and beneficial owners of ETP’s common units may participate. Beneficial owners may participate by having their broker participate on their behalf.
- Additional common units may be purchased by reinvesting all or a portion of the cash distributions paid on the common units.
- Common units purchased through the Plan will be at a discount ranging from 0% to 5% (currently set at 2.50%) and an investor will not pay any service fees, brokerage trading fees or other charges. If investors participate in the Plan through their brokers, they should consult with their brokers; their brokers may charge a service fee for participating on their behalf.
Participation in the Plan is voluntary and if an owner of common units elects to participate in the Plan, the owner may terminate his or her participation in the Plan at any time. An owner should read carefully the prospectus describing the Plan before deciding to participate in the Plan.
Each registered owner of ETP’s common units will be receiving a
prospectus and enrollment form by mail and may also obtain a prospectus
and register online by visiting the shareholder account access section
of American Stock Transfer’s website at www.astfinancial.com.
For transaction requests, please contact
Beneficial owners of ETP common units may learn more about the Plan by contacting their brokers for information describing the Plan. They may also obtain a prospectus by calling AST at 1-888-257-7340.
A complete description of the Plan is also included in ETP’s Form S-3
registration statement filed with the
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the common units described in this press
release, nor shall there be any sale of these common units in any state
or jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. The offer is being made only through the
prospectus, which is part of ETP’s Form S-3 registration statement that
became effective upon filing on
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties and other factors that
are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in ETP’s Annual Reports on Form 10-K and other documents filed
from time to time with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170711005453/en/
Source:
Energy Transfer Partners, L.P.
Investor Relations:
Lyndsay
Hannah, 214-981-0795
or
Brent Ratliff, 214-981-0795
or
Helen
Ryoo, 214-981-0795
or
Media Relations:
Vicki
Granado, 214-840-5820
or
Lisa Dillinger, 214-840-5820