Sprague Resources LP Announces the Cash Distribution and Financial Results Release Date for the Third Quarter of 2022
17 Ottobre 2022 - 12:00PM
Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE:
SRLP) announced today that the Board of Directors of its general
partner, Sprague Resources GP LLC (the “General
Partner”), declared a cash distribution of $0.4338 per
unit ($1.73 per unit on an annualized basis) for the quarter
ended September 30, 2022, and is equal to the previous
quarter’s distribution. The announced distribution will
be paid on Monday, October 31, 2022, to unitholders of record as of
the close of business on Thursday, October 27, 2022.
As announced and described in our Form 8-K filing with the
Securities and Exchange Commission on June 2, 2022, Sprague, and
its general partner, Sprague Resources GP LLC, entered into an
Agreement and Plan of Merger with Sprague HP Holdings, LLC, a
wholly owned subsidiary of Hartree Partners, LP, and Sparrow HP
Merger Sub, LLC, pursuant to which Sparrow HP Merger Sub, LLC will
merge with and into the Partnership, with the Partnership surviving
as a direct wholly owned subsidiary of the Sprague Resources GP LLC
and Hartree Partners, LP (the “Merger”).
Unaudited Third Quarter 2022 Financial
ResultsSprague will release its third quarter 2022
unaudited financial results before the opening of trading on the
NYSE on Tuesday, November 8, 2022 to the extent the Merger has
not closed.
Earnings Conference CallIn light of the
proposed Merger, and as is customary during the pendency of a
merger, Sprague Resources LP will not be hosting a conference call
or providing financial guidance in conjunction with its third
quarter 2022 earnings release.
Qualified NoticeThis release is intended to be
a qualified notice under Treasury Regulation Section 1.1446-4(b).
Brokers and nominees should treat one hundred percent (100.0%) of
Sprague’s distributions to non-U.S. investors as being attributable
to income that is effectively connected with a United States trade
or business. Accordingly, Sprague’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
About Sprague Resources LPSprague Resources LP
is engaged in the purchase, storage, distribution and sale of
refined petroleum products and natural gas. The company also
provides storage and handling services for a broad range of
materials. More information concerning Sprague can be found at
www.spragueenergy.com.
Investor Contact:Paul Scoff+1
800.225.1560investorrelations@spragueenergy.com
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