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.
Forward-Looking Statements
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
Nick Hodapp
Director - Investor Relations
(405) 272-3028
nhodapp@newsource.com
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SOURCE New Source Energy Partners L.P.