Oct 23, 2003 |
PAA Declares Distribution on Common and Subordinated Units |
(Houston – October 23, 2003) Plains All American Pipeline, L.P. (NYSE: PAA) today announced a cash distribution of $0.55 per unit on its outstanding limited partner units, which include Common Units, Class B Common Units and Subordinated Units. The distribution will be payable on November 14, 2003, to holders of record of such units at the close of business on November 4, 2003.
The distribution represents an annualized distribution rate of $2.20 per unit. Plains All American Pipeline, L.P. is engaged in interstate and intrastate crude oil transportation, terminalling and storage, as well as crude oil and LPG gathering and marketing activities, primarily in Texas, California, Oklahoma and Louisiana and the Canadian Provinces of Alberta and Saskatchewan. The Partnership’s common units are traded on the New York Stock Exchange under the symbol “PAA.” The Partnership is headquartered in Houston, Texas. |
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