NGL Energy Partners LP announced that its Board of Directors declared quarterly cash distributions for its Class B, Class C, and Class D preferred units for the quarter ending December 31, 2024. This declaration ensures continued payments to preferred unitholders.
Holders of the 12.068% Class B Floating Rate Cumulative Redeemable Perpetual Preferred Units are scheduled to receive $0.7542 per unit. The 11.977% Class C Floating Rate Cumulative Redeemable Perpetual Preferred Units will receive $0.7486 per unit.
Additionally, a quarterly cash distribution of $18,095,455.60 was declared for the Class D Preferred Units. All distributions are slated for payment on January 15, 2025, to unitholders of record as of January 1, 2025.
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