News Column

Holly Energy Partners Declares Quarterly Distribution; 38th Consecutive Quarterly Distribution Increase

May 9, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- The Board of Directors of Holly Energy Partners, L.P. (NYSE:HEP) has declared a cash distribution of $0.5075 per unit for the first quarter of 2014. For the prior quarter, $0.50 per unit was distributed to unitholders. This distribution, which represents a 6.3% increase over the $0.4775 per unit distribution declared for the first quarter of 2013, marks the thirty-eighth consecutive quarterly increase. Holly Energy has increased its distribution to unitholders every quarter since becoming a publicly-traded partnership in July 2004. The distribution will be paid on May 15, 2014 to unitholders of record on May 5, 2014.

Holly Energy plans to announce results for its first quarter of 2014 on May 1, 2014, before the opening of trading on the NYSE. The Partnership has scheduled a webcast later that day at 4 pm Eastern time to discuss financial results.

The webcast may be accessed at: https://event.webcasts.com/starthere.jsp?ei=1031837.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Please note that one hundred percent (100.0%) 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.

Keywords for this news article include: Holly Energy Partners L.P..

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Source: Energy Weekly News


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