Chesapeake Midstream Partners, L.P. Declares Initial Distribution
10/26/2010 11:21 AM
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OKLAHOMA CITY, Oct 26, 2010 (BUSINESS WIRE) --
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the
Board of Directors of its general partner declared a prorated quarterly
distribution for the 2010 third quarter.
The distribution is the first declared by the Partnership and
corresponds to a quarterly distribution of $0.3375 per unit, or $1.35
per unit on an annualized basis. The initial distribution of $0.2165 per
unit was prorated for the 59-day period from the date of the closing of
the Partnership's initial public offering on August 3, 2010 through
September 30, 2010 pursuant to the terms of the limited partnership
agreement. The distribution will be payable on November 12, 2010 to all
unitholders of record at the close of business on November 5, 2010,
together with the distribution to the general partner.
Chesapeake Midstream Partners, L.P. is one of the industry's
largest midstream master limited partnerships and owns, operates,
develops and acquires natural gas gathering systems and other midstream
energy assets.Headquartered in Oklahoma City, the
Partnership's operations are focused on the Barnett Shale and
Mid-Continent regions of the U.S.Further information is
available at www.chkm.com.
SOURCE: Chesapeake Midstream Partners, L.P.
Chesapeake Midstream Partners, L.P.
Dave Shiels, CFO, 405-935-6224
Jim Gipson, 405-935-1310