NEW YORK, NY, Oct. 31, 2014 (GLOBE NEWSWIRE) -- Arc Logistics Partners LP ("Arc Logistics" or the
"Partnership"), a Delaware limited partnership (NYSE: ARCX),
announced today that the board of directors of its general partner
has declared a cash distribution of $0.41 per unit ($1.64 per unit
on an annualized basis) for the period from July 1, 2014 through
September 30, 2014. The third quarter 2014 distribution
represents a 2.5% increase over the second quarter 2014 cash
distribution of $0.40 per unit ($1.60 per unit on an annualized
basis). The distribution is payable on November 17, 2014 to
unitholders of record on November 10, 2014.
Third Quarter 2014 Earnings Release, Conference Call and
Webcast
Arc Logistics will release its third quarter 2014 financial
results on Wednesday, November 12, 2014, after the market closes
and will hold a conference call and webcast to discuss those
results on Thursday, November 13, 2014, at 8:00 a.m. Eastern.
Interested parties may join the conference call by dialing (855)
433-0931, and international callers may join by dialing (484)
756-4279. The call may also be accessed live over the internet by
visiting the "Investors" page of the Arc Logistics website at
www.arcxlp.com and will be available for replay for approximately
one month.
About Arc Logistics Partners LP
Arc Logistics is a fee-based, growth-oriented limited
partnership that owns, operates, develops and acquires a
diversified portfolio of complementary energy logistics assets. Arc
Logistics is principally engaged in the terminalling, storage,
throughput and transloading of crude oil and petroleum products.
For more information please visit www.arcxlp.com.
Forward Looking Statements
Certain statements and information in this press release may
constitute "forward-looking statements." Certain expressions
including "believe," "expect," or other similar expressions are
intended to identify the Partnership's current expectations,
opinions, views or beliefs concerning future developments and their
potential effect on the Partnership. While management believes that
these forward-looking statements are reasonable when made, there
can be no assurance that future developments affecting the
Partnership will be those that it anticipates. The forward-looking
statements involve significant risks and uncertainties (some of
which are beyond the Partnership's control) and assumptions that
could cause actual results to differ materially from the
Partnership's historical experience and its present expectations or
projections. Important factors that could cause actual results to
differ from forward looking statements include but are not limited
to: (i) adverse economic, capital markets and political conditions;
(ii) changes in the market place for the Partnership's products and
services; (iii) changes in supply and demand of crude oil and
petroleum products; (iv) actions and performance of the
Partnership's customers, vendors or competitors; (v) changes in the
cost of or availability of capital; (vi) unanticipated capital
expenditures in connection with the construction, repair, or
replacement of the Partnership's assets; (vii) operating hazards,
unforeseen weather events or matters beyond the Partnership's
control; (viii) effects of existing and future laws or governmental
regulations; and (ix) litigation. Additional information concerning
these and other factors that could cause the Partnership's actual
results to differ from projected results can be found in the
Partnership's public periodic filings with the Securities and
Exchange Commission ("SEC"), including the Partnership's Annual
Report on Form 10-K for the year ended December 31, 2013 and any
updates thereto in the Partnership's Quarterly Reports on Forms
10-Q for the quarterly periods ended March 31, 2014 and June 30,
2014 and current reports on Forms 8-K. Readers are cautioned not to
place undue reliance on forward-looking statements, which speak
only as of the date thereof. The Partnership undertakes no
obligation to publicly update or revise any forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise.
This press release is intended to be a qualified notice
under Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100.0%) of the Partnership's
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, the Partnership's distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
CONTACT: IR@arcxlp.com
www.arcxlp.com
212-993-1290
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