Summary
This Form 8-K filing from Energy Transfer Equity, L.P. (the "Partnership") on June 30, 2011, primarily reports on the approval of an increased cash distribution for its common unitholders for the quarter ended June 30, 2011. The Board of Directors authorized a quarterly distribution of $0.625 per unit, which annualizes to $2.50 per unit. This announcement is intended to provide timely information to investors regarding the partnership's commitment to returning capital to its unitholders.
Key Highlights
- 1Energy Transfer Equity, L.P. announced an increase in its quarterly cash distribution for common unitholders.
- 2The approved quarterly distribution is $0.625 per unit.
- 3This distribution represents an annualized rate of $2.50 per unit.
- 4The distribution is for the quarter ended June 30, 2011.
- 5The payment date for the distribution is August 19, 2011.
- 6Unitholders of record as of the close of business on August 5, 2011, will receive the distribution.
- 7The information was disclosed via a press release filed as an exhibit.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly announce that Energy Transfer Equity, L.P.'s Board of Directors has approved an increase in the quarterly cash distribution for its common unitholders for the quarter ended June 30, 2011.
The newly approved quarterly cash distribution is $0.625 per common unit, which annualizes to $2.50 per unit.
The distribution will be paid on August 19, 2011, to unitholders who were of record as of the close of business on August 5, 2011.
In accordance with General Instruction B.2 of Form 8-K, the information presented in this filing, specifically the press release, is considered 'furnished' and not 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same legal implications as filed information regarding liability for misstatements or omissions.