A cash distribution per Common Unit of $0.0833 for the first month attributable to the fourth quarter of 2014, or $1.00 per unit on an annualized basis. This amount will be payable on January 16, 2015, to unitholders of record at the close of business on January 13, 2015, and represents a reduction from Breitburn's last monthly payment which was $0.1733 per Common Unit or $2.08 per unit on an annualized basis. This new distribution rate is based on current commodity and financial market conditions and Breitburn's 2015 guidance, as detailed below. This lower distribution rate substantially increases Breitburn's estimated distribution coverage ratio to approximately 1.35x for 2015 and improves its financial flexibility.
Ohio Realtor
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