{"id":410379,"date":"2021-01-07T08:33:45","date_gmt":"2021-01-07T13:33:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410379"},"modified":"2021-01-07T08:33:45","modified_gmt":"2021-01-07T13:33:45","slug":"plains-all-american-pipeline-and-plains-gp-holdings-announce-distributions-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/plains-all-american-pipeline-and-plains-gp-holdings-announce-distributions-3\/","title":{"rendered":"Plains All American Pipeline and Plains GP Holdings Announce Distributions"},"content":{"rendered":"

<\/p>\n

Plains All American Pipeline and Plains GP Holdings Announce Distributions<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nPlains All American Pipeline, L.P. (Nasdaq: PAA<\/a>) and Plains GP Holdings (Nasdaq: PAGP<\/a>) today announced their quarterly distributions with respect to the fourth quarter of 2020.\n<\/p>\n

\nPAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in November 2020. PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in November 2020. With respect to PAA\u2019s Series A Preferred Units, PAA announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or $2.10 on an annualized basis. Each of these distributions will be payable on February 12, 2021 to holders of record of each security at the close of business on January 29, 2021.\n<\/p>\n

\nThe PAGP cash distribution is expected to be a non-taxable return of capital to the extent of a Class A Shareholder\u2019s tax basis in each PAGP Class A Share and a reduction in the tax basis of that Class A Share. To the extent any cash distribution exceeds a Class A Shareholder\u2019s tax basis, it should be taxable as capital gains.\n<\/p>\n

\nPAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (“NGL”), and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage, and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com<\/a>.\n<\/p>\n

\nPAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210107005178\/en\/<\/a><\/span><\/p>\n

\nBrett Magill
\n
Director, Investor Relations
\n
(866) 809-1291\n<\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Transport Oil\/Gas Energy Transport Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Plains All American Pipeline and Plains GP Holdings Announce Distributions HOUSTON–(BUSINESS WIRE)– Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2020. PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in November 2020. PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in November 2020. With respect to PAA\u2019s Series A Preferred Units, PAA announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or … <\/p>\n

Continue reading “Plains All American Pipeline and Plains GP Holdings Announce Distributions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-410379","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPlains All American Pipeline and Plains GP Holdings Announce Distributions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/plains-all-american-pipeline-and-plains-gp-holdings-announce-distributions-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plains All American Pipeline and Plains GP Holdings Announce Distributions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Plains All American Pipeline and Plains GP Holdings Announce Distributions HOUSTON–(BUSINESS WIRE)– Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2020. PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in November 2020. PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in November 2020. 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