Southcross Energy Partners, L.P. (NYSE:SXE) ("Southcross" or the
"Partnership") today announced that the board of directors of its
general partner has declared a cash distribution for the fourth quarter
of 2013 of $0.40 per common unit. The distribution will be paid on
February 14, 2014 to all unitholders of record on February 5, 2014.
In addition, the board of directors of the general partner declared a
$0.40 per unit distribution for the fourth quarter of 2013 on the
Partnership's Series A convertible preferred units. The distribution of
the Series A convertible preferred units will be paid in the form of
additional Series A preferred units.
About Southcross Energy Partners, L.P.
Southcross Energy Partners, L.P. is a master limited partnership that
provides natural gas gathering, processing, treating, compression and
transportation services and NGL fractionation and transportation
services. It also sources, purchases, transports and sells natural gas
and NGLs. Its assets are located in South Texas, Mississippi and Alabama
and include three gas processing plants, two fractionation plants and
approximately 2,740 miles of pipeline. The South Texas assets are
located in or near the Eagle Ford shale region. Southcross is
headquartered in Dallas, Texas. Visit www.southcrossenergy.com
for more information.
This release serves as qualified notice to nominees under Treasury
Regulation Sections 1.1446-4(b)(4) and (d). Please note that one hundred
percent (100.0%) of the Partnership's distributions to foreign investors
are attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of the Partnership'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 the Partnership, are
treated as withholding agents responsible for withholding on the
distributions received by them on behalf of foreign investors.
This press release includes certain statements concerning expectations
for the future that are forward-looking and made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements contain known and unknown risks and
uncertainties (many of which are difficult to predict and beyond
management's control) that may cause our actual results in future
periods to differ materially from anticipated or projected results. An
extensive list of the specific risks and uncertainties affecting us is
contained in our 2012 Annual Report on Form 10-K filed with the
Securities and Exchange Commission ("SEC") on April 15, 2013 and other
documents filed from time to time with the SEC. Any forward looking
statements in this press release are made as of the date of this press
release and Southcross undertakes no obligation to update or revise any
forward-looking statements to reflect new information or events.
Source: Southcross Energy