Crosstex Announces Continued Consecutive Increase in Dividends and Distributions.DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- The Crosstex Energy companies today announced the fourteenth consecutive increase in quarterly distributions for Crosstex Energy, L.P. (Nasdaq:XTEX) (the Partnership) and the tenth consecutive increase in quarterly dividends for Crosstex Energy, Inc.(Nasdaq:XTXI) (the Corporation): * Quarterly distributions on the Partnership's common and subordinated Subordinated A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. units will increase from $0.54 per unit to $0.55 per unit, payable November November: see month. 15 to unitholders of record November 1. * Quarterly dividends on the Corporation's common stock will increase from $0.62 per share to $0.64 per share, payable November 15 to stockholders of record November 1. The companies have increased distributions and dividends every quarter since the initial public offering of each company. About the Crosstex Energy Companies Crosstex Energy, L.P., a midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. natural gas company headquartered in Dallas, operates over 5,000 miles of pipeline, 12 processing plants, four fractionators, and approximately 168 natural gas amine-treating plants in service and 37 dew point dew point: see dew. control plants. Crosstex currently provides services for over 3.0 Bcf/day of natural gas, or approximately 6.0 percent of marketed U.S. daily production based on August 2006 Department of Energy data. Crosstex Energy, Inc. owns the two percent general partner interest, a 42 percent limited partner interest, and the incentive distribution rights of Crosstex Energy, L.P. Additional information about the Crosstex companies can be found at www.crosstexenergy.com. This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included herein constitute forward-looking statements. Although the companies believe that the expectations reflected in the forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct. |
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