DALLAS--(BUSINESS WIRE)--Apr. 18, 2013--
The Crosstex Energy companies today announced the declaration of the
quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX) (the
Partnership) and the quarterly dividend for Crosstex Energy, Inc.
(NASDAQ: XTXI) (the Corporation) from the first quarter of 2013:
The quarterly distribution on the Partnership’s common units will be
$0.33 per unit. The distribution is payable May 13 to unitholders of
record April 30.
The quarterly dividend on the Corporation’s common stock will be $0.12
per share. The dividend is payable May 15 to shareholders of record
About the Crosstex Energy Companies
Crosstex Energy, L.P. (NASDAQ: XTEX) is an integrated midstream energy
partnership headquartered in Dallas that offers diversified, tailored
customer solutions spanning the energy value chain with services and
infrastructure that link energy production with consumption. XTEX
operates approximately 3,500 miles of natural gas, natural gas liquids
and oil pipelines, 10 natural gas processing plants and four
fractionators, as well as barge and rail terminals, product storage
facilities, brine water disposal wells and an extensive truck fleet.
XTEX has the right platform, the right opportunities and the right
people to pursue its growth-focused business strategy.
Crosstex Energy, Inc. (NASDAQ: XTXI) owns combined general and limited
partner interests of approximately 19 percent and the incentive
distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com.
This press release contains forward-looking statements within the
meaning of the federal securities laws. These statements are based on
certain assumptions made by the Partnership and the Corporation based
upon management's experience and perception of historical trends,
current conditions, expected future developments and other factors the
Partnership and the Corporation believe are appropriate in the
circumstances. These statements include, but are not limited to,
statements with respect to results of operations and future growth and
dividend and distribution guidance. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond
the control of the Partnership and the Corporation, which may cause the
Partnership's and the Corporation's actual results to differ materially
from those implied or expressed by the forward-looking statements. These
risks include, but are not limited to, risks discussed in the
Partnership's and the Corporation's filings with the Securities and
Exchange Commission. The Partnership and the Corporation have no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.
Qualified Notice to Nominees:
This release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note
that 100 percent of the Partnership’s distributions to foreign investors
are attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of the Partnership’s
distributions to foreign investors are subject to federal income tax
withholding at the highest effective tax rate for individuals or
corporations, as applicable. Nominees, and not the Partnership, are
treated as withholding agents responsible for withholding distributions
received by them on behalf of foreign investors.
Source: Crosstex Energy
Jill McMillan, 214-721-9271
Public & Industry Affairs