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|Andeavor Logistics Announces 28th Consecutive Quarterly Distribution Increase|
SAN ANTONIO, TX - April 18, 2018 - Andeavor Logistics LP (NYSE: ANDX) announced today the declaration of its quarterly cash distribution for the first quarter 2018 of $1.015 per limited partnership unit, or $4.06 on an annualized basis. This distribution represents a 1.5% increase over the prior quarterly distribution of $1.00 per limited partnership unit, or $4.00 per unit on an annualized basis. This represents the 28th consecutive quarterly increase. The first quarter distribution will be paid May 15, 2018 to all unitholders of record as of May 1, 2018. Over the prior four quarters, Andeavor Logistics has increased its distribution to limited partners by 8%.
About Andeavor Logistics LP
Forward Looking Statements
This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Andeavor Logistics LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Andeavor Logistics' distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not Andeavor Logistics, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.