KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that as a result of the acquisition of
Dan Sabia, its Board of Directors has declared a quarterly cash
distribution with respect to the quarter ended September 30, 2015, of
$0.52 per unit. This represents an increase of 2% over the previous
quarter distribution of $0.51 per unit and a 38.7% increase over the
minimum quarterly distribution.
This cash distribution will be paid on November 13, 2015 to all
unitholders of record as of the close of business on November 2, 2015.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers
under long-term charters in the offshore oil production regions of the
North Sea and Brazil. KNOT Offshore Partners LP is structured as a
publicly-traded master limited partnership. KNOT Offshore Partners LP’s
common units trade on the New York Stock Exchange under the symbol
“KNOP.”
Forward Looking statements
This press release includes statements that may constitute
forward-looking statements. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. Factors that can affect future results are
discussed in the Annual Report on Form 20-F filed by the Partnership
with SEC. The Partnership undertakes no obligation to update or revise
any forward-looking statement to reflect new information or events.
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