Plains All American Declares Increased Distribution on Limited Partner Units
Plains All American Pipeline, L.P. (NYSE:PAA)
today announced a quarterly cash distribution of $1.025 per unit ($4.10
per unit on an annualized basis) on all of its outstanding limited
partner units. The distribution will be payable on February 14, 2012, to
holders of record of such units at the close of business on February 3,
2012. This distribution represents an increase of 7.0% over the
quarterly distribution of $0.9575 per unit ($3.83 per unit on an
annualized basis) paid in February 2011 and an increase of 3.0% over the
quarterly distribution of $0.995 per unit ($3.98 per unit on an
annualized basis) paid in November 2011. As of this distribution, PAA
will have increased its quarterly distribution to limited partners in 29
out of the past 31 quarters and consecutively in each of the past ten
quarters.
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership engaged in the transportation, storage, terminalling and
marketing of crude oil, refined products and liquefied petroleum gas and
other natural gas-related petroleum products. Through its general
partner interest and majority equity ownership position in PAA Natural
Gas Storage, L.P. (NYSE:PNG), PAA also develops and operates natural gas
storage facilities. PAA is headquartered in Houston, Texas.
Plains All American Pipeline, L.P.
Roy I. Lamoreaux, 713-646-4222
or 800-564-3036
Director, Investor Relations