DALLAS--(BUSINESS WIRE)--Jul. 11, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its new
distribution reinvestment plan (the “Plan”) is now open for enrollment
for owners of its common units. The Plan became effective with ETP’s
filing of its Form S-3 registration statement with the Securities and
Exchange Commission (“SEC”) on July 11, 2017.
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
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 American Stock Transfer & Trust
Company, LLC (“AST”), the Plan Administrator, at the following address:
American Stock Transfer & Trust Company, LLC, Wall Street Station, P.O.
Box 922, New York, N.Y. 10269-0560. For all other correspondence
regarding the Plan, please write to AST at the following address:
American Stock Transfer & Trust Company, LLC, 6201 Fifteenth Avenue,
Brooklyn, New York 11219. Investors may also call the Plan Administrator
at 1-888-257-7340 (toll free from inside the United States or Canada) or
1-718-921-8124 (from outside the United States or Canada). Please
include a reference to Energy Transfer Partners, L.P. in all
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 SEC on July 11, 2017.
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 July 11, 2017.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at energytransfer.com.
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 Securities and Exchange Commission. ETP
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170711005453/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Brent Ratliff, 214-981-0795
Lisa Dillinger, 214-840-5820