Plains
All American Pipeline, L.P. (NYSE: PAA)
today announced a quarterly cash distribution of $0.5875 per unit ($2.35
per unit on an annualized basis) on all of its outstanding limited
partner units. The distribution will be payable on August 14, 2013 to
holders of record at the close of business on August 2, 2013. This
distribution represents an increase of 10.3% over the quarterly
distribution of $0.5325 per unit ($2.13 per unit on an annualized basis)
paid in August 2012 and an increase of approximately 2.2% over the
quarterly distribution of $0.5750 per unit ($2.30 per unit on an
annualized basis) paid in May 2013. As of this distribution, PAA will
have increased its quarterly distribution to limited partners in 35 out
of the past 37 quarters and consecutively in each of the past 16
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