Summary
This Form 8-K filing by Energy Transfer Equity, L.P. (ET) on October 28, 2009, primarily announces the approval of its quarterly cash distribution. The Board of Directors approved a distribution of $0.535 per common unit for the quarter ended September 30, 2009, which annualizes to $2.14 per unit. This distribution is a key piece of information for investors as it directly relates to the income they can expect from their investment in ET. The filing also confirms the payment and record dates for this distribution, providing clarity on when unitholders will receive their cash payments.
Key Highlights
- 1Energy Transfer Equity, L.P. (ET) announced a quarterly cash distribution of $0.535 per common unit.
- 2The annualized distribution rate is $2.14 per common unit.
- 3The distribution covers the quarter ended September 30, 2009.
- 4The payment date for the distribution is November 19, 2009.
- 5The record date for unitholders eligible to receive the distribution is November 9, 2009.
- 6This information was disclosed via a press release furnished under Regulation FD.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Energy Transfer Equity, L.P.'s (ET) Board of Directors' approval of its quarterly cash distribution for the period ended September 30, 2009.
Unitholders will receive a cash distribution of $0.535 per common unit for the quarter ended September 30, 2009. This amounts to an annualized distribution of $2.14 per unit.
The cash distribution will be paid on November 19, 2009, to unitholders of record as of the close of business on November 9, 2009.
The information regarding the press release is furnished and not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, as per General Instruction B.2 of Form 8-K.