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HOUSTON, April 06, 2023 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. PAA and Plains GP Holdings PAGP today announced their quarterly distributions with respect to the first quarter of 2023. PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on May 15, 2023 to holders of the respective securities at the close of business on May 1, 2023: PAA Common Units – $0.2675 per Common Unit ($1.07 per unit on an annualized basis), which is unchanged from the distribution paid in February 2023. PAGP Class A Shares – $0.2675 per Class A Share ($1.07 per Class A Share on an annualized basis), which is unchanged from the distribution paid in February 2023. PAA Series A Preferred Units – $0.58516 per Series A Preferred Unit. The Series A Preferred Unit distribution amount is pro-rated to reflect the exercise on January 31, 2023 by the holders of the Series A Preferred Units of their one-time right to "reset" the distribution rate. PAA Series B Preferred Units – $22.18 per Series B Preferred Unit. Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share […]
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