Energy Transfer LP Launches New Cash Distribution Reinvestment Plan
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
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
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
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.