Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,262.56 89.32 0.55%
S&P 500 1,842.98 12.37 0.68%
NASDAQ 4,034.16 11.47 0.29%
Ticker Volume Price Price Delta
STOXX 50 3,128.07 36.55 1.18%
FTSE 100 6,574.48 32.87 0.50%
DAX 9,273.26 99.55 1.09%
Ticker Volume Price Price Delta
NIKKEI 14,417.68 420.87 3.01%
TOPIX 1,166.55 30.46 2.68%
HANG SENG 22,696.01 24.75 0.11%

Holly Energy Partners Declares Quarterly Distribution



  Holly Energy Partners Declares Quarterly Distribution

Increases quarterly distribution to $0.47 per unit from $0.4625, or $0.925 on
a pre-split basis

Business Wire

DALLAS -- January 24, 2013

The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared
a cash distribution of $0.47 per unit for the fourth quarter of 2012. Holly
Energy Partners completed a two-for-one common unit split on January 16, 2013.
For the prior quarter, $0.925 was distributed to unitholders, which would be
the equivalent of $0.4625 on a post-split basis. Holly Energy has increased
its distribution to unitholders every quarter since becoming a public
partnership in July 2004. This increase marks the thirty-third consecutive
quarterly increase. The distribution will be paid February 14, 2013, to
unitholders of record February 4, 2013.

This release is intended to be a qualified notice under Treasury Regulation
Section 1.1446-4(b). Please note that one hundred (100.0%) percent of Holly
Energy Partner’s distributions to foreign investors are attributable to income
that is effectively connected with a United States trade or business.
Accordingly, Holly Energy Partner’s distributions to foreign investors are
subject to federal income tax withholding at the highest applicable effective
tax rate.

About Holly Energy Partners, L.P.:

Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides
petroleum product and crude oil transportation, tankage and terminal services
to the petroleum industry, including HollyFrontier Corporation, which
currently owns a 44% interest (including a 2% general partner interest) in
Holly Energy. Holly Energy owns and operates petroleum product and crude
pipelines, tankage, terminals and loading facilities located in Texas, New
Mexico, Arizona, Oklahoma, Washington, Idaho, Utah, Kansas and Wyoming. In
addition, Holly Energy owns a 25% interest in SLC Pipeline LLC, a transporter
of crude oil in the Salt Lake City area, and a 75% interest in UNEV Pipeline,
LLC, the owner of a Holly Energy operated refined products pipeline running
from Utah to Las Vegas, Nevada and related product terminals.

Information about Holly Energy Partners, L.P. may be found on its website at
http://www.hollyenergy.com.

Contact:

Holly Energy Partners
Investor Relations
M. Neale Hickerson, 214-954-6511
or
Julia Heidenreich, 214-954-6511
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement