Teekay Offshore Partners L.P.
NYSE : TOO

October 03, 2016 16:05 ET

Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units

HAMILTON, BERMUDA--(Marketwired - Oct. 3, 2016) - Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), has declared the following distributions for the period from August 15, 2016 to November 14, 2016:

Units Amount Record Date Payment Date Payment Type
Series A Preferred Units $0.4531 per unit November 8, 2016 November 15, 2016 Cash
Series B Preferred Units $0.5313 per unit November 8, 2016 November 15, 2016 Cash
Series C-1 Preferred Units $0.5149 per unit November 8, 2016 November 15, 2016 New common units
Series D Preferred Units $0.6563 per unit November 8, 2016 November 15, 2016 New common units

About Teekay Offshore

Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $6 billion, comprised of 63 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.

Teekay Offshore Partners' common units and Series A and B preferred units trade on the New York Stock Exchange under the symbol "TOO", "TOO PR A" and "TOO PR B", respectively.

Contact Information

  • Ryan Hamilton
    Investor Relations Enquiries
    +1 (604) 609-6442
    www.teekay.com