WHIPPANY, N.J., Jan. 23,
2025 /PRNewswire/ -- Suburban Propane Partners, L.P.
(NYSE:SPH), today announced that its Board of Supervisors declared
a quarterly distribution of $0.325
per Common Unit for the three months ended December 28, 2024. This quarterly
distribution rate equates to an annualized rate of $1.30 per Common Unit. The distribution is
payable on February 11, 2025 to
Common Unitholders of record as of February
4, 2025.
This press release serves as qualified notice to brokers and
nominees as provided for under Treasury Regulation Section
1.1446-4(b). Please note that 100% of Suburban Propane
Partners, LP's distributions to foreign investors are attributable
to income that is effectively connected with a United States trade or business.
Accordingly, all of Suburban Propane Partners, LP's distributions
to foreign investors are subject to federal income tax withholding
at the highest applicable effective tax rate without
exception. Regarding the amount realized pursuant to
1.1446(f)-4(c)(2)(iii), 100% of the distribution is in excess of
cumulative net income. Brokers and nominees are treated as
withholding agents responsible for withholding distributions
received by them on behalf of foreign investors.
About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. ("Suburban Propane") is a publicly
traded master limited partnership listed on the New York Stock
Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has
been in the customer service business since 1928 and is a
nationwide distributor of propane, renewable propane, fuel oil and
related products and services, as well as a marketer of natural gas
and electricity and an investor in low carbon fuel alternatives,
servicing the energy needs of approximately 1 million residential,
commercial, governmental, industrial and agricultural customers
through approximately 700 locations across 42 states.
Suburban Propane is supported by three core pillars: (1)
Suburban Commitment – showcasing Suburban Propane's 95-year
legacy, and ongoing commitment to the highest standards for
dependability, flexibility, and reliability that underscores
Suburban Propane's commitment to excellence in customer service;
(2) SuburbanCares – highlighting continued dedication to
giving back to local communities across the Suburban Propane's
national footprint and (3) Go
Green with Suburban Propane - promoting the clean
burning and versatile nature of propane and renewable propane as a
bridge to a green energy future and developing the next generation
of renewable energy. For additional information on Suburban
Propane, please visit www.suburbanpropane.com.
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SOURCE Suburban Propane Partners, L.P.
