GREEN PLAINS PARTNERS LP (NASDAQ:GPP) Files An 8-K Other EventsItem 8.01. Other Events.
On April 20, 2017, Green Plains Partners LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.44 per unit on all of its outstanding common and subordinated units, or $1.76 per unit on an annualized basis, for the first quarter of 2017. The 1.0-cent increase over the previous quarterly distribution of $0.43 per unit is the sixth consecutive increase since the partnership’s IPO. The distribution is payable on May 15, 2017, to unitholders of record at the close of business on May 5, 2017.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is filed as part of this report.
NumberDescription
99.1Press release, dated April 20, 2017
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About GREEN PLAINS PARTNERS LP (NASDAQ:GPP)
Green Plains Partners LP provides fee-based fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. The Company’s parent company is Green Plains Inc. (Green Plains). The Company was formed by Green Plains, a vertically integrated ethanol producer, to support its marketing and distribution activities as its primary downstream logistics provider. The Company’s ethanol storage assets are the principal method of storing the ethanol produced at its parent’s ethanol production plants. The Company owns approximately 30 ethanol storage facilities and approximately 50 acres of land. The Company’s storage tanks are located at its parent’s ethanol production plants. The Company’s ethanol storage tanks have combined storage capacity of approximately 31.8 million gallons (mmg) and an aggregate throughput capacity of approximately 1,670 million gallons per year. GREEN PLAINS PARTNERS LP (NASDAQ:GPP) Recent Trading Information
GREEN PLAINS PARTNERS LP (NASDAQ:GPP) closed its last trading session up +0.10 at 19.90 with 41,096 shares trading hands.
