Summary
Energy Transfer Equity, L.P. (ETE) announced on October 23, 2013, through a press release furnished as part of an 8-K filing, an increase in its quarterly cash distribution. The Board of Directors approved a distribution of $0.6725 per common unit for the quarter ended September 30, 2013, which annualizes to $2.69 per unit. This distribution underscores the company's commitment to returning capital to its unitholders. The payment date is set for November 19, 2013, with a record date of November 4, 2013. Investors should note that the information provided in the press release is considered "furnished" and not "filed" under Section 18 of the Exchange Act, which has implications for liability concerning the information's accuracy.
Key Highlights
- 1Approved an increased quarterly cash distribution of $0.6725 per ETE common unit.
- 2Annualized distribution rate stands at $2.69 per unit.
- 3Distribution covers the quarter ended September 30, 2013.
- 4Payment date for the distribution is November 19, 2013.
- 5Record date for the distribution is November 4, 2013.
- 6The press release containing this information is furnished, not filed, under SEC regulations.
Frequently Asked Questions
The main news is the approval and announcement of an increased quarterly cash distribution of $0.6725 per common unit for the quarter ended September 30, 2013. This represents an annualized distribution of $2.69 per unit.
The distribution will be paid on November 19, 2013, to unitholders who are of record as of the close of business on November 4, 2013.
Information that is "furnished" under Regulation FD is generally not subject to the same level of liability under Section 18 of the Securities Exchange Act of 1934 as information that is "filed." This means the company may have less legal exposure regarding the accuracy of furnished information compared to filed information.
No, this 8-K filing primarily pertains to a Regulation FD disclosure regarding the increased cash distribution and an "Other Events" item confirming the same. It does not include new financial statements or significant operational updates beyond the distribution announcement.