Plains All American Pipeline, L.P. (NYSE: PAA)
today announced a quarterly cash distribution of $0.995 per unit ($3.98
per unit on an annualized basis) on all of its outstanding limited
partner units. The distribution will be payable on November 14, 2011, to
holders of record of such units at the close of business on November 4,
2011. This distribution represents an increase of approximately 4.7%
over the quarterly distribution of $0.95 per unit ($3.80 per unit on an
annualized basis) paid in November 2010 and an increase of approximately
1.3% from the quarterly distribution of $0.9825 per unit ($3.93 per unit
on an annualized basis) paid in August 2011. As of this distribution,
PAA will have increased its quarterly distribution to limited partners
in 28 out of the past 30 quarters and consecutively in each of the past
nine 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