Apr 23, 2004 |
PAA Declares Distribution on Limited Partner Units |
Contacts:
Phillip D. Kramer
Executive Vice President and CFO
713/646-4560 – 800/564-3036
A. Patrick Diamond
Manager, Special Projects
713-646-4487 - 800-564-3036
FOR IMMEDIATE RELEASE
Plains All American Pipeline Declares
Distribution on Limited Partner Units
(Houston – April 23, 2004) Plains All American Pipeline, L.P. (NYSE: PAA) today announced a cash distribution of $0.5625 per unit on all of its outstanding limited partner units. The distribution will be payable on May 14, 2004, to holders of record of such units at the close of business on May 4, 2004. The distribution equates to an annualized distribution rate of $2.25 per unit and represents an increase of 2.3% over the May 2003 distribution.
Plains All American Pipeline, L.P. is engaged in interstate and intrastate crude oil transportation, and crude oil gathering, marketing, terminalling and storage, as well as the marketing and storage of liquefied petroleum gas and other petroleum products, primarily in Texas, California, Oklahoma, 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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