Tesoro Logistics LP : Tesoro Logistics LP Announces Quarterly Distribution SAN ANTONIO - January 23, 2013 - Tesoro Logistics LP (NYSE:TLLP) today announced the declaration of its quarterly cash distribution for the fourth quarter 2012 of $0.4725 per limited partnership unit, or $1.89 on an annualized basis. This distribution represents a 4% increase over the quarterly distribution of $0.4550 per unit ($1.82 per unit on an annualized basis) paid in November 2012. Since the fourth quarter of 2011, TLLP has increased its distribution to limited partners by 30%. The fourth quarter distribution will be paid February 14, 2013 to all unitholders of record on February 4, 2013. About Tesoro Logistics LP Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based, growth-oriented Delaware limited partnership formed by Tesoro Corporation to own, operate, develop and acquire crude oil and refined products logistics assets. Please visit us at: www.tesorologistics.com This release contains certain statements that are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, concerning the timing of our cash distribution. For more information concerning factors that could affect these statements see our annual report on Form 10-K and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. We undertake no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances that occur, or which we become aware of, after the date hereof. This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Tesoro Logistics LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Tesoro Logistics LP's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Tesoro Logistics LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors. Contact: Investors: Louie Rubiola, Director, Investor Relations, (210) 626-4355 Media: Tesoro Media Relations, firstname.lastname@example.org, (210) 626-7702 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Tesoro Logistics LP via Thomson Reuters ONE HUG#1672631
Tesoro Logistics LP : Tesoro Logistics LP Announces Quarterly Distribution
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