News Release
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Apr 28,2014
USA Compression Announces Distribution Reinvestment Plan is Open for Enrollment
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Only registered holders of the Partnership’s common and subordinated units may directly participate in the Plan. A registered holder is a unitholder whose name is recorded on the Partnership’s register as the person who has the rights, benefits and responsibilities of ownership. If you own common units that are registered in someone else’s name (for example, a bank, broker or trustee), the Plan allows you to participate through this person, should they elect to participate, without having to withdraw your common units from the bank, broker or trustee. If your broker or bank elects not to participate in the Plan on your behalf, they may have a program with their direct accounts that has a similar effect. Please contact your broker or bank directly for information on these programs. Otherwise, you can participate by withdrawing your common units from your bank or broker and registering your common units in your name. The price for new common units purchased with reinvested distributions will be the average of the high and low trading prices of the common units on the New York Stock Exchange—Composite Transactions for the five trading days immediately preceding the investment date, less a discount ranging from 0% to 5%. The discount is initially set at 0%; therefore, the initial purchase price for authorized but unissued common units purchased with reinvested distributions will be 100% of the average trading price. (Note: If you participate in the Plan through your broker, you should consult with your broker to determine if your broker will charge you a service fee.)
The Partnership has appointed Wells Fargo Shareowner Services, a
division of Participation in the Plan is voluntary, and if you elect to participate, you may terminate your participation in the Plan at any time (subject to restrictions following a relevant record date).
You should read carefully the prospectus describing the Plan before
deciding to participate. A copy of the prospectus has been filed with
the
This news release does not constitute an offer to sell or a solicitation
of an offer to buy the common units described in this news release, nor
shall there be any sale of these common units in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. The offer is being made only through an
effective registration statement on Form S-3, including the prospectus
contained therein, that was filed with the
ABOUT
FORWARD-LOOKING STATEMENTS Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USAC, and a variety of risks that could cause results to differ materially from those expected by management of USAC. USAC undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Source:
USA Compression Partners, LP
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