Houston, April 23, 2015 (GLOBE NEWSWIRE) -- Shell Midstream Partners, L.P. (NYSE: SHLX) announces that the Board of Directors of its general partner declared a cash distribution of $0.1750 per limited partnership unit for the first quarter of 2015. This represents an increase of 7.7 percent over the minimum quarterly distribution of $0.1625 per unit. The distribution will be paid May 14, 2015 to unitholders of record as of May 05, 2015.
TAX CONSIDERATIONS
This release is intended to be a qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of Shell Midstream Partners,
L.P.'s distributions to foreign investors are attributable to
income that is effectively connected with a United States trade or
business. Accordingly, all of Shell Midstream Partners, L.P.'s
distributions to foreign investors are subject to federal income
tax withholding at the highest effective tax rate for individuals
or corporations, as applicable.
Nominees, and not Shell Midstream Partners, L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
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About Shell Midstream Partners, L.P.
Shell Midstream Partners is a fee-based, growth-oriented midstream
master limited partnership formed by Royal Dutch Shell to own,
operate, develop and acquire pipelines and other midstream assets.
Shell Midstream Partners' assets consist of interests in entities
that own crude oil and refined products pipelines serving as key
infrastructure to transport growing onshore and offshore crude oil
production to Gulf Coast refining markets and to deliver refined
products from those markets to major demand centers.