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Enable Midstream Announces Quarterly Distributions

OKLAHOMA CITY, Apr 26, 2016 (BUSINESS WIRE) -- Enable Midstream Partners, LP ENBL, +3.96% announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.3180 per unit on all outstanding common and subordinated units for the quarter ended Mar. 31, 2016. The distribution is unchanged from the previous quarter and represents an increase of approximately 2 percent from the partnership’s first quarter 2015 distribution.

Enable also announced today that the board declared a prorated quarterly cash distribution of $0.2917 per unit on the partnership’s 10.00% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units (Series A Preferred Units) for the quarter ended Mar. 31, 2016. The quarterly distribution for the Series A Preferred Units is for a partial period beginning on Feb. 18, 2016, and ending on Mar. 31, 2016, which equates to $0.625 per unit on a full-quarter basis or $2.50 per unit on an annualized basis.

The distributions for the common, subordinated and Series A Preferred units will be paid May 13, 2016, to unitholders of record at the close of business on May 6, 2016.

ABOUT ENABLE MIDSTREAM PARTNERS

Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 12,400 miles of gathering pipelines, 13 major processing plants with approximately 2.3 billion cubic feet per day of processing capacity, approximately 7,900...


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