Plains All American Pipeline, L.P. (NYSE:PAA) today announced a cash distribution of $0.9275 per unit ($3.71 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on February 12, 2010, to holders of record of such units at the close of business on February 2, 2010. The distribution represents an increase of approximately 3.9% over the quarterly distribution of $0.8925 per unit paid in February 2009 and an increase of approximately 0.8% from the November 2009 distribution of $0.92 per unit. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 21 out of the past 23 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, refined products and liquefied petroleum gas and other natural gas related petroleum products. The Partnership is also engaged in the development and operation of natural gas storage facilities. The Partnership is headquartered in Houston, Texas.
Contacts:
Plains All American Pipeline, L.P.
Roy I. Lamoreaux
Director,
Investor Relations
713-646-4222 – 800-564-3036
or
A.
Patrick Diamond
Vice President
713-646-4487 – 800-564-3036
