Tallgrass Energy Partners Lifts Quarterly Distribution - Quick Facts

(RTTNews) - Tallgrass Energy Partners LP (TEP) reported that the board of its general partner has declared a quarterly cash distribution to partners of $0.41 per common unit for the third quarter of 2014, or $1.64 on an annualized basis. The distribution represents TEP's fifth consecutive quarterly distribution increase since its IPO in May 2013.

The company said the increase in distribution is consistent with its plan to recommend increasing third and fourth quarter 2014 distributions to achieve at least an aggregate increase of $0.10 per quarter, or $0.40 on an annualized basis, as a result of its acquisition of a 33.3% interest in the Tallgrass Pony Express Pipeline.

The quarterly distribution will be paid on November 14, 2014, to unitholders of record as of the close of business on October 31.