Hi-Crush Partners LP : Hi-Crush Partners LP Announces Second Quarter 2013
Hi-Crush Partners LP Announces Second Quarter 2013 Distribution
Houston, Texas, July 17, 2013 - Hi-Crush Partners LP (NYSE: HCLP), or
Hi-Crush, announced today that the Board of Directors of its general partner
has declared a cash distribution for the second quarter of 2013 of $0.475 per
unit on all common and subordinated units. This distribution is the fourth
declared by the partnership and is equal to the minimum quarterly distribution
of $0.475 per unit, or $1.90 on an annualized basis. The distribution will be
paid on August 15, 2013 to all common and subordinated unitholders of record
on August 1, 2013.
Distributions to Foreign Investors
The declaration of the distribution intended to be a qualified notice to
nominees under Treasury Regulation Section 1.1446-4(b), with 100% 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.
Hi-Crush is an integrated producer, transporter, marketer and distributor of
high-quality monocrystalline sand, a specialized mineral that is used as a
"proppant" (frac sand) to enhance the recovery rates of hydrocarbons from oil
and natural gas wells. Our reserves, which are located in Wyeville, Wisconsin,
consist of "Northern White" sand, a resource that exists predominately in
Wisconsin and limited portions of the upper Midwest region of the United
States. Hi-Crush owns and operates the largest distribution network in the
Marcellus and Utica shales, and has distribution capabilities throughout North
America. For more information, visit www.hicrushpartners.com.
Source: Hi-Crush Partners LP
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: Hi-Crush Partners LP via Thomson Reuters ONE
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