Williams Partners L.P. : Williams Partners Raises Cash Distribution to 76.25 Cents per Unit
January 24, 2012 at 12:56 pm EST
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The following information provides a historical
look at Williams Partners L.P. news
releases.
Williams Partners Raises Cash
Distribution to 76.25 Cents per
Unit
February Payment Represents
8.5% Increase Over Year-Ago
Amount
(NYSE: WPZ) announced today that
the regular quarterly cash
distribution its unitholders
receive has been increased to
$0.7625 per unit.
The board of directors of the
partnership's general partner has
approved the , which is payable on
Feb. 10, 2012, to unitholders of
record at the close of business on
Feb. 3.
The new per-unit amount is an
8.5-percent increase over the
partnership's distribution of
$0.7025 per unit that was paid in
February 2011. It is also a
2-percent increase over the
partnership's third-quarter 2011
distribution of $0.7475 per
unit.
Year-End Financial Results
Williams Partners plans to report
its year-end 2011 financial results
after the market closes on
Wednesday, Feb. 22.
The earnings package to be released
on Feb. 22 will include the news
release; presentation on the
results and outlook with audio
commentary from Alan Armstrong,
chief executive officer of Williams
Partners' general partner; data
book; and analyst package.
The partnership will host the
year-end Q&A live webcast on
Thursday, Feb. 23 at 11 a.m. EST.
Participants are encouraged to
access the webcast at .
A limited number of phone lines
also will be available at (888)
481-2849. International callers
should dial (719) 325-2268. Replays
of the year-end webcast in both
streaming and downloadable podcast
formats will be available for two
weeks following the event at .
This announcement is intended to be
a qualified notice to nominees
under Treasury Regulation Section
1.1446-4(b)(4) and (d), with 100
percent of the partnership's
distributions to foreign investors
attributable to income that is
effectively connected with a United
States trade or business.
Accordingly, the partnership's
distributions to foreign investors
are subject to federal income tax
withholding at the highest
effective tax rate. Nominees,
and not Williams Partners L.P., are
treated as the withholding agents
responsible for withholding on the
distributions received by them on
behalf of foreign investors.
About Williams Partners L.P. (NYSE:
WPZ)
Williams Partners L.P. is a leading
diversified master limited
partnership focused on natural gas
transportation; gathering,
treating, and processing; storage;
natural gas liquid (NGL)
fractionation; and oil
transportation. The partnership
owns interests in three major
interstate natural gas pipelines
that, combined, deliver 14 percent
of the natural gas consumed in the
United States. The
partnership's gathering and
processing assets include
large-scale operations in the U.S.
Rocky Mountains and both onshore
and offshore along the Gulf of
Mexico. (NYSE: WMB) owns
approximately 75 percent of
Williams Partners, including the
general-partner interest. More
information is available at .
Portions of this document may
constitute "forward-looking
statements" as defined by federal
law. Although the partnership
believes any such statements are
based on reasonable assumptions,
there is no assurance that actual
outcomes will not be materially
different. Any such statements are
made in reliance on the "safe
harbor" protections provided under
the Private Securities Reform Act
of 1995. Additional information
about issues that could lead to
material changes in performance is
contained in the partnership's
annual reports filed with the
Securities and Exchange
Commission.
Jan 23, 2012
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