TULSA, Okla., Jan. 22, 2015 (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 fourth quarter of 2014 of $0.620 per unit, or $2.48 per unit on an annualized basis. This distribution represents an increase of approximately 7.8% over the prior quarter's distribution of $0.575 per unit, and an approximately 33.3% increase over the fourth quarter of 2013 quarterly distribution of $0.465 per unit.
The distribution will be paid on February 13, 2015 to all unitholders of record on February 3, 2015. On January 1, 2015, 3.75 million Class A Units converted to Common Units and will also receive this distribution.
Rose Rock also announced today that its 2014 tax package, which includes the Schedule K-1 (Form 1065), will be available online on March 4, 2015, and may be accessed via Rose Rock's website at rrmidstream.com under "Investor Relations/ K-1 Information." Prior to March 4, 2015, unitholders can go to the link above and register to receive an email notifying them when their tax package is available for download. In addition to registering for an email notification, unitholders can also elect to receive their tax package electronically, in which case a paper copy will not be mailed by Rose Rock.
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