DALLAS--(BUSINESS WIRE)--Dec. 10, 2018--
Energy Transfer LP (NYSE: ET) 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 ET’s filing of its Form
S-3 registration statement with the Securities and Exchange Commission
(“SEC”) on December 10, 2018.
Highlights of ET’s Plan are:
Both unitholders of record and beneficial owners of ET’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 quarterly cash distributions paid on the common units.
Common units purchased through the Plan will be sold at a discount
ranging from 0% to 5% (currently set at 0.0%) and investors will not
pay any service fees, brokerage trading fees or other charges.
Investors who participate in the Plan through their brokers should
consult with their broker, who may charge a service fee for
participating on their behalf.
Participation in the Plan is voluntary and investors who elect to
participate in the Plan may terminate their participation in the Plan at
any time. Investors should read carefully the prospectus describing the
Plan before deciding to participate in the Plan.
Each registered owner of ET’s common units will receive 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
or by contacting American Stock Transfer (“AST”), the Plan
Administrator, P.O. Box 922, Wall Street Station, New York, N.Y.
10269-0560. 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 LP in all correspondence.
Beneficial owners of ET common units may learn more about the Plan by
contacting their brokers for information describing the Plan. A complete
description of the Plan is also included in the prospectus included in
the Partnership’s Form S-3 registration statement filed with the SEC on
December 10, 2018, and investors may also obtain a prospectus by calling
AST at 1-888-257-7340.
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 by means of
a prospectus, which is included in the Partnership’s registration
statement on Form S-3 that became effective on December 10, 2018.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and
most diversified portfolios of energy assets in the United States, with
a strategic footprint in all of the major domestic production basins. ET
is a publicly traded limited partnership with core operations that
include 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. ET, through
its ownership of Energy Transfer Operating, L.P., formerly known as
Energy Transfer Partners, L.P., also owns Lake Charles LNG Company, as
well as the general partner interests, the incentive distribution rights
and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general
partner interests and 39.7 million common units of USA Compression
Partners, LP (NYSE: USAC). For more information, visit the Energy
Transfer website at energytransfer.com.
Statements in this press release may be forward-looking statements as
defined under federal law. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a
number of uncertainties and factors, many of which are outside the
control of ET, and a variety of risks that could cause results to differ
materially from those expected by management of ET. ET undertakes no
obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes
to future operating results over time.
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Source: Energy Transfer LP