Sunoco LP Announces 2.0% Increase in Quarterly
HOUSTON, April 26, 2016 /PRNewswire/ -- Sunoco LP (NYSE: SUN) announced that the Board of Directors of its
general partner has declared a quarterly distribution for the first quarter of 2016 of $0.8173 per common unit,
which corresponds to $3.2692 per common unit on an annualized basis. This represents a 2.0 percent increase
compared to the distribution for the fourth quarter of 2015 and a 26.7 percent increase compared with the first
quarter of 2015. This increase marks the twelfth consecutive quarter that Sunoco LP has raised its distribution.
The distribution will be paid on May 16, 2016 to common unitholders of record on May 6, 2016.
Sunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,340 convenience stores
and retail fuel sites and distributes motor fuel to convenience stores, independent dealers, commercial customers
and distributors located in 30 states at approximately 6,800 sites. Our parent -- Energy Transfer Equity, L.P. (NYSE:
ETE) -- owns SUN's general partner and incentive distribution rights. For more information, visit the Sunoco LP
website at www.SunocoLP.com
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and
nominees should treat 100 percent of Sunoco LP's distributions to non-U.S. investors as being attributable to
income that is effectively connected with a United States trade or business. Accordingly, Sunoco LP's distributions
to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.