Plains All American Pipeline, L.P. (NYSE: PAA) today announced a quarterly cash distribution of $0.9825 per unit ($3.93 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on August 12, 2011, to holders of record of such units at the close of business on August 2, 2011. This distribution represents an increase of approximately 4.2% over the quarterly distribution of $0.9425 per unit ($3.77 per unit on an annualized basis) paid in August 2010 and an increase of approximately 1.3% from the quarterly distribution of $0.97 per unit ($3.88 per unit on an annualized basis) paid in May 2011. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 27 out of the past 29 quarters and consecutively in each of the past eight quarters.
Plains All American Pipeline, L.P. is a publicly-traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products. Through its general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG), PAA is also engaged in the development and operation of natural gas storage facilities. PAA is headquartered in Houston, TX.
Plains All American Pipeline, L.P. Roy I. Lamoreaux, 713-646-4222 – 800-564-3036 Director, Investor Relations
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