TULSA, Okla., April 24, 2014 (GLOBE NEWSWIRE) -- Rose Rock Midstream®, L.P. (NYSE:RRMS) announced today that the Board of Directors of its general partner has declared a cash distribution for the first quarter of 2014 of $0.495 per unit, or $1.98 per unit on an annualized basis. This distribution represents an increase of approximately 6.5% over the prior quarter's distribution of $0.465 per unit, and an approximately 15% increase over the first quarter of 2013 quarterly distribution of $0.43 per unit.
The distribution will be paid on May 15, 2014 to all unitholders of record on May 5, 2014.
About Rose Rock Midstream
Rose Rock Midstream®, L.P. (NYSE:RRMS) is a growth-oriented Delaware limited partnership formed by SemGroup® Corporation (NYSE:SEMG) to own, operate, develop and acquire a diversified portfolio of midstream energy assets. Headquartered in Tulsa, OK, Rose Rock Midstream provides crude oil gathering, transportation, storage and marketing services with the majority of its assets strategically located in or connected to the Cushing, Oklahoma crude oil marketing hub.
This release is a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of Rose Rock Midstream, L.P.'s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Therefore, distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Source:Rose Rock Midstream