Plains
All American Pipeline, L.P. (NYSE: PAA) today announced a quarterly
cash distribution of $0.5425 per unit ($2.17 per unit on an annualized
basis) on all of its outstanding limited partner units. The distribution
will be payable on November 14, 2012, to holders of record of such units
at the close of business on November 2, 2012. This is the first
distribution payable following the recently completed two-for-one unit
split. Comparative distribution amounts reflected in this press release
have been adjusted for the unit split.
The distribution payable in November 2012 represents an increase of 9.0%
over the quarterly distribution of $0.4975 per unit ($1.99 per unit on
an annualized basis) paid in November 2011 and an increase of
approximately 1.9% over the quarterly distribution of $0.5325 per unit
($2.13 per unit on an annualized basis) paid in August 2012. As of this
distribution, PAA will have increased its quarterly distribution to
limited partners in 32 out of the past 34 quarters and consecutively in
each of the past 13 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