Plains All American Pipeline, L.P. (NYSE: PAA)
today announced that it has completed its previously announced
two-for-one split of the Partnership's common units.
The two-for-one split was effected by a distribution of one additional
common unit for each common unit outstanding and held by unitholders of
record at the close of business on September 17, 2012. The Partnership's
common units will trade on a post-split basis on the New York Stock
Exchange beginning at the opening of trading on October 2, 2012. Based
on the number of units outstanding today, the Partnership will have
approximately 331.7 million units outstanding as a result of the
two-for-one unit split.
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 –
800-564-3036
Director, Investor Relations