Attached files
| file | filename |
|---|---|
| 8-K - TLLP 2Q 2011 8-K QUARTERLY DISTRIBUTION & NEW OFFICER AND DIRECTOR - ANDEAVOR LOGISTICS LP | tllpdistribution8-k.htm |
| EX-99.1 - PRESS RELEASE - ANDEAVOR LOGISTICS LP | ex991newdirector.htm |
Exhibit 99.2
Tesoro Logistics LP Announces Initial Quarterly Distribution
SAN ANTONIO - July 22, 2011 - Tesoro Logistics LP (NYSE:TLLP) announced today the declaration of its first cash distribution for the second quarter 2011 of $0.2448 per unit. This prorated amount corresponds to its minimum quarterly cash distribution of $0.3375 per unit, or $1.35 on an annualized basis. The proration period is from the closing date of Tesoro Logistics LP's initial public offering, April 26, 2011 through June 30, 2011. The distribution will be paid August 12, 2011 to all unitholders of record on August 2, 2011. Immediately prior to the distribution there will be 31,132,429 units outstanding including all common, subordinated and general partner units.
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 Prospectus, filed with the Securities and Exchange Commission on April 21, 2011. 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:
Mike Marcy, Manager, External Affairs, (210) 626-4697