OKLAHOMA CITY, June 18, 2015 /PRNewswire/ -- New Source Energy Partners L.P. (NYSE: NSLP) (the "Partnership" or "New Source") announced today that the Board of Directors of its General Partner has declared a cash distribution for its 11% Series A Cumulative Convertible Preferred units (NYSE: NSLP-A) of $0.5118 per unit. The distribution declared was based on prorating the quarterly distribution for the period May 9, 2015 to July 14, 2015. The distribution will be paid on July 15, 2015 to all unit holders of record on July 1, 2015.
About New Source Energy Partners L.P.
New Source Energy Partners L.P. is an independent energy partnership engaged in the production of its onshore oil and natural gas properties that extends across conventional resource reservoirs in east-central Oklahoma and in oilfield services that specialize in increasing efficiencies and safety in drilling and completion processes. For more information on the Partnership, please visit www.newsource.com.
This news release contains "forward-looking statements" which are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially from the results and other statements contained in this press release. For a full discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the Partnership's Annual Report on Form 10-K for the year ended December 31, 2014 and the information included in the Partnership's quarterly and current reports and other public filings. These forward-looking statements are based on and include the Partnership's expectations as of the date hereof. Subsequent events and market developments could cause the Partnership's expectations to change. While the Partnership may elect to update these forward-looking statements at some point in the future, the Partnership specifically disclaims any obligation to do so, even if new information becomes available, except as may be required by applicable law.
Note to Non-United States Investors: This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of New Source Energy Partners L.P.'s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, New Source Energy Partners L.P.'s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
New Source Energy Partners L.P. - Investor & Media Contact
Director - Investor Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-source-energy-partners-board-of-directors-declares-distributions-on-series-a-cumulative-convertible-preferred-units-300100994.html
SOURCE New Source Energy Partners L.P.