Hi-Crush Partners announces first distribution of 23c per unit, prorated for Q3

theflyonthewall.com

Hi-Crush Partners announced today that the board of its general partner has declared a prorated cash distribution for Q3 of 23.75c per unit. This distribution is the first declared by the partnership and corresponds to the minimum quarterly distribution of 47.5c per unit, or $1.90 on an annualized basis, prorated for the partial quarter following the closing of the partnership's initial public offering on August 21. The distribution will be paid on November 15 to all unitholders of record on November 1.

View Comments (0)