Crestwood Completes Reverse Unit Split

Crestwood Completes Reverse Unit Split

HOUSTON--(BUSINESS WIRE)-- Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood Equity” or “Crestwood”) today provided an update on its 2016 strategic plan, announcing a new joint venture with Consolidated Edison (NYSE: ED)(“Con Edison”), declaring its first quarter 2016 distribution, and updating its 2016 outlook.

Approximately $975 million net cash proceeds to be used to retire debt; positioning Crestwood with substantially improved leverage and liquidity; transaction expected to close in second quarter.

First quarter 2016 distribution of $0.60 per unit ($2.40 per unit annualized); reduced payout provides top-tier distribution coverage and flexibility to reduce debt or reinvest operating cash flow.

2016 outlook updated for strategic joint venture and revised distribution; remaining operations in-line with previous guidance; first quarter 2016 results to be announced May 3, 2016.

Aktuell 37%, die von USA abgezogen werden auf die Dividende

Ist aus Sicht der USA keine Aktiengesellschaft sonder eine „Art“ Beteiligungsgesellschaft, daher die erhöhte Quellesteuer…