DENVER, Jan. 24, 2023 (GLOBE NEWSWIRE) — DCP Midstream, LP DCP announced today that the board of directors of its general partner has approved a common unit cash distribution for the fourth quarter of 2022 of $0.43 per unit, or $1.72 per unit on an annualized basis. This quarterly distribution of common shares will be paid on February 14, 2023 to holders of record of common shares at the close of business on February 3, 2023.

In addition, the Board of Management has approved distributions for preference shares.

A quarterly cash distribution of Series B Preferred Securities of $0.4922 per share will be paid on March 15, 2023 to holders of record of Preferred Securities at the close of business on March 1, 2023.

A quarterly cash distribution of Series C Preferred Securities of $0.4969 per share will be paid on April 17, 2023 to holders of record of Preferred Securities at the close of business on April 3, 2023.

This Statement is intended to be a restricted notice pursuant to Section 1.1446-4(b) of the United States Treasury Regulation. Brokers and nominees should treat distributions from DCP Midstream, LP (“DCP”) to non-US investors one hundred percent (100.00%) as attributable to income effectively connected with a trade or business in the United States are connected. Accordingly, distributions from DCP to non-US investors are subject to state income tax at the highest applicable effective tax rate.

Pursuant to United States Treasury Regulation Section 1.1446(f)-4(c)(2)(iii), amounts realized exceed one hundred percent (100.00%) of the DCP distribution of the accumulated net income. Nominees, and not DCP, are treated as withholding administrators responsible for withholding distributions received by them on behalf of non-US investors.

Via DCP Midstream, LP
DCP Midstream, LP DCP is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado with a diversified portfolio of collection, processing, logistics and marketing assets. DCP is one of the largest manufacturers and marketers of natural gas liquids and one of the largest…