AmeriGas Intends to Distribute Portion of Terminal Sale Proceeds.VALLEY FORGE Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. , Pa. -- AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE NYSE See: New York Stock Exchange :APU APU Azusa Pacific University APU Auxiliary Power Unit APU Alaska Pacific University APU Asia Pacific University (Japan) APU American Public University APU Anglia Polytechnic University (Chelmsford) ), announced that the Partnership intends to distribute an additional $0.25 per limited partner unit on August 18, 2007 to unitholders of record on August 10, 2007, assuming receipt of the cash proceeds from the previously-announced pending sale of its propane storage terminal in Bumstead, Arizona. The sale of the terminal is expected to occur by June 30, 2007. The $0.25 per limited partner unit distribution represents a portion of the proceeds from the sale and will be in addition to the regular quarterly distribution made by AmeriGas at that time. AmeriGas may make distributions only quarterly and the next regular distribution date following the expected receipt of proceeds will be August 18, 2007. The remaining proceeds will be used for general partnership purposes. AmeriGas Partners is the nation's largest retail propane marketer, serving nearly 1.3 million customers from over 600 locations in 46 states. UGI Corporation
Under the UGI Utilities, Inc. (NYSE:UGI UGI abbr. upper gastrointestinal (as in series) ), through subsidiaries, owns 44% of the Partnership and individual unitholders own the remaining 56%. Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com. |
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