Cheniere Energy Partners LP Holdings, LLC declares quarterly dividend
Published by Will Owen,
Editor
LNG Industry,
Cheniere Energy Partners LP Holdings, LLC have announced that its Board of Directors declared a quarterly cash dividend of US$0.45 per common share representing limited liability company interest in the company.
The dividend will be payable on 30 November 2017 to shareholders of record as of the close of business 20 November 2017.
Cheniere Partners Holdings' only business consists of owning common units and subordinated units of Cheniere Energy Partners, L.P. along with other cash or property received as distributions in respect of such units.
Cheniere Partners Holdings' quarterly dividend is expected to be the amount of distributions received related to its interest in Cheniere Partners, less reserves for general and administrative and tax expenses. Cheniere Partners Holdings is expected to begin making tax payments under a tax sharing agreement with Cheniere Energy, Inc. in the early 2020s after its deemed federal net operating loss carryforward (NOL) has been fully utilised. Based on current tax rates and market assumptions, Cheniere Partners Holdings is currently expected to pay taxes in the mid-20%s upon its NOL being fully utilised.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/10112017/cheniere-energy-partners-lp-holdings-llc-declares-quarterly-dividend/
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