HOUSTON, TX--(Marketwired - Mar 28, 2014) - QR Energy, LP ("QR Energy") (NYSE: QRE) announced today that the Board of Directors has approved a cash distribution of $0.1625 per unit for all outstanding units. This payment is the first of three monthly installments attributable to the first quarter of 2014 and represents an annualized distribution of $1.95 per unit.
The distribution will be payable on April 15, 2014 to unitholders of record at the close of business on April 9, 2014.
On April 8, 2014, QR Energy will present at the IPAA Oil & Gas Investment Symposium (OGIS) in New York, NY at 11:45am ET (10:45am CT). Presentation slides and an audio webcast link will be available on QR Energy's Investor Relations website at http://ir.qrenergylp.com the morning of the event.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of QR Energy's distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, QR Energy's distributions to foreign investors are subject to federal income tax withholding at the highest applicable rate.
About QR Energy, LP
QR Energy, LP is a publicly traded partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. For more information, visit QR Energy's website at www.qrenergylp.com.
This press release may contain forward-looking statements within the meaning of federal securities laws. QR Energy believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this press release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations. For a more complete list of these risk factors, please read QR Energy's filings with the SEC, which are available on QR Energy's Investor Relations website at http://ir.qrenergylp.com or on the SEC website at www.sec.gov.