Plains All American Pipeline, L.P. (NYSE:PAA)
today announced a quarterly cash distribution of $1.045 per unit ($4.18
per unit on an annualized basis) on all of its outstanding limited
partner units. The distribution will be payable on May 15, 2012, to
holders of record of such units at the close of business on May 4, 2012.
This distribution represents an increase of 7.7% over the quarterly
distribution of $0.97 per unit ($3.88 per unit on an annualized basis)
paid in May 2011 and an increase of approximately 2.0% over the
quarterly distribution of $1.025 per unit ($4.10 per unit on an
annualized basis) paid in February 2012. As of this distribution, PAA
will have increased its quarterly distribution to limited partners in 30
out of the past 32 quarters and consecutively in each of the past 11
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 and refined products, as well as in the
processing, transportation, fractionation, storage and marketing of
natural gas liquids. Through its general partner interest and majority
equity ownership position in PAA Natural Gas Storage, L.P. (NYSE:PNG),
PAA owns and operates natural gas storage facilities. PAA is
headquartered in Houston, Texas.
Plains All American Pipeline, L.P.
Roy I. Lamoreaux, 713-646-4222
or 800-564-3036
Director, Investor Relations