Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units

HAMILTON, Bermuda, April 04, 2018 (GLOBE NEWSWIRE) -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared the following distributions:

UnitsDistribution PeriodAmountRecord DatePayment Date
Series A
Preferred Units
February 15, 2018
to May 14, 2018
$0.4531 per unitMay 8, 2018May 15, 2018
Series B
Preferred Units
February 15, 2018
to May 14, 2018
$0.5313 per unitMay 8, 2018May 15, 2018
Series E
Preferred Units
January 23, 2018
to May 14, 2018
$0.69028 per unitMay 8, 2018May 15, 2018

About Teekay Offshore

Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.6 billion, comprised of 63 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers, floating storage and offtake (FSO) units, a unit for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore’s fleet is employed on medium-term, stable contracts.

Teekay Offshore’s common units and preferred units trade on the New York Stock Exchange under the symbols “TOO”, “TOO PR A”, “TOO PR B” and “TOO PR E”, respectively.

For Investor Relations
inquiries contact:

Ryan Hamilton
Tel: +1 (604) 609-2963
Website: www.teekay.com

Source:Teekay Offshore Partners L.P.