Jan 24, 2003 |
PAA Declares Distribution on Common and Subordinated Units |
(Houston – January 24, 2003) Plains All American Pipeline, L.P. (NYSE: PAA) today
announced a cash distribution of $0.5375 per unit on its outstanding limited partner units, which
include Common Units, Class B Common Units and Subordinated Units. The distribution will be
payable on February 14, 2003, to holders of record of such units at the close of business on
February 4, 2003. The distribution represents an annualized distribution rate of $2.15 per unit.
Plains All American Pipeline, L.P. is engaged in interstate and intrastate crude oil
transportation, terminalling and storage, as well as crude oil and LPG gathering and marketing
activities, primarily in Texas, California, Oklahoma and 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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