HOUSTON--(BUSINESS WIRE)--Jan. 23, 2018--Hess Midstream Partners LP(NYSE: HESM) (“Hess Midstream” or the “Partnership”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of$0.3218per common unit for the quarter endedDecember 31, 2017. The distribution represents a 3.6% quarterly increase compared to the Partnership's previous quarterly distribution, and 15% on an annualized basis. The distribution will be payable onFebruary 13, 2018to unitholders of record as of the close of business onFebruary 2, 2018.
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with aUnited Statestrade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Hess Midstream Partners LPis a fee-based, growth-oriented, traditional master limited partnership that was formed to own, operate, develop and acquire a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream’s assets are primarily located in the Bakken andThree Forks Shaleplays in theWilliston Basinarea ofNorth Dakota. More information is available atwww.hessmidstream.com.
View source version on businesswire.com:http://www.businesswire.com/news/home/20180123006589/en/
Source:Hess Midstream Partners LP
Jennifer Gordon, 212-536-8244
Sard Verbinnen & Co
Patrick Scanlon, 212-687-8080