GREEN PLAINS PARTNERS LP (NASDAQ:GPP) Files An 8-K Other EventsItem 8.01. Other Events.
On January 23, 2017, Green Plains Partners LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.43 per unit on all of its outstanding common and subordinated units, or $1.72 per unit on an annualized basis, for the fourth quarter of 2016. The 1.0 cent increase over the previous quarterly distribution of $0.42 per unit is the fifth consecutive increase since the partnership’s IPO. The current distribution represents a 6.8 percent increase over last year’s fourth quarter distribution. The distribution is payable on Feb. 14, 2017, to unitholders of record at the close of business on Feb. 3, 2017.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed as part of this report.
NumberDescription
99.1Press release, dated January 23, 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 down -0.05 at 20.95 with 25,116 shares trading hands.