2013-01-23 22:31:58 -
SAN ANTONIO - January 23, 2013 - Tesoro Logistics LP (NYSE:TLLP) today announced
the declaration of its quarterly cash distribution for the fourth quarter 2012
of $0.4725 per limited partnership unit, or $1.89 on an annualized basis. This
distribution represents a 4% increase over the quarterly distribution of $0.4550
per unit ($1.82 per unit on an annualized basis) paid in November 2012. Since
the fourth quarter of 2011, TLLP has increased its distribution to limited
partners by 30%. The fourth quarter distribution will be paid February
14, 2013 to all unitholders of record on February 4, 2013.
About Tesoro Logistics LP
Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based,
growth-oriented Delaware limited partnership formed by Tesoro Corporation to
own, operate, develop and acquire crude oil and refined products
logistics
assets.
Please visit us at: www.tesorologistics.com
This release contains certain statements that are "forward-looking" statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, concerning the timing of our cash
distribution. For more information concerning factors that could affect these
statements see our annual report on Form 10-K and quarterly reports on Form 10-
Q, filed with the Securities and Exchange Commission. We undertake no obligation
to publicly release the result of any revisions to any such forward-looking
statements that may be made to reflect events or circumstances that occur, or
which we become aware of, after the date hereof.
This release serves as qualified notice to nominees as provided for under
Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100
percent of Tesoro Logistics LP's distributions to foreign investors are
attributable to income that is effectively connected with a United States trade
or business. Accordingly, all of Tesoro Logistics LP's distributions to foreign
investors are subject to federal income tax withholding at the highest effective
tax rate for individuals or corporations, as applicable. Nominees, and not
Tesoro Logistics LP, are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign investors.
Contact:
Investors:
Louie Rubiola, Director, Investor Relations, (210) 626-4355
Media:
Tesoro Media Relations,
media@tsocorp.com, (210) 626-7702
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tesoro Logistics LP via Thomson Reuters ONE
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