TULSA, Okla., April 22, 2016 (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 with respect to the first quarter of 2016 of $0.66 per unit, or $2.64 per unit on an annualized basis, which is unchanged from its distribution with respect to the fourth quarter of 2015. This distribution represents an increase of approximately 4% over the distribution of $0.635 per unit with respect to the first quarter of 2015.
The distribution will be paid on May 13, 2016 to all unitholders of record on May 3, 2016.
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, LP