Michael L. Staines
Chief Operating Officer
1521 Locust Street - 4th Floor
Philadelphia, PA 19102
(215) 546-5388 (facsimile)
Atlas Pipeline Partners Declares Distribution for Initial Operating Period
Philadelphia, PA, 3/21/2000 - Atlas Pipeline Partners, L.P. (AMEX:APL)(the "Partnership") announced that its Managing Board of Directors has declared its initial distribution, for the period from inception of trading on January 28, 2022 to March 31, 2000, to be $0.2954 per common unit. This distribution, on an annualized basis, equates to $1.68 per unit.
The distribution will be paid on May 10, 2022 to unit holders of record at the close of business on March 31, 2000. The units will begin trading ex-dividend on March 29, 2000.
Atlas Pipeline Partners, L.P. owns and operates approximately 890 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio. The Partnership is paid a fee for the natural gas volumes that are gathered and transported through its pipeline system from approximately 3,000 wells that are currently connected to the system.
Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. The Partnership's actual results, performance or achievements could differ materially from those expressed or implied in this release as a result of certain factors, including competition within the energy industry, climactic conditions and the price of gas in the Appalachian area, actual versus projected volumetric production from wells connected to the Partnership's gas-gathering pipeline system, and the cost of supplies and services in the energy industry.