Cash Distributions

Distribution Growth ChartOne of the principal objectives of Midcoast Energy Partners is to generate cash from operations in order to distribute available cash to the partners.

On or before 45 days after the end of each calendar quarter, 100 percent of available cash, as determined by the Board of Directors, is distributed to unitholders of record and to the General Partner.

Projected Cash Distribution Dates

  Q1 Q2 Q3 Q4
Payment Date Feb 14 May 15 Aug 14 Nov 14
Record Date Feb 07 May 08 Aug 07 Nov 07
Ex-Dividend Date Feb 03 May 04 Aug 03 Nov 03
Declaration Date Jan 30 Apr 27 Jul 27 Oct 26

All future dates are tentative and cash distributions are not made until approved by the Board of Directors of the General Partner. To be entitled to a declared cash distribution, investors must have purchased units at least one business day in advance of the Ex-Dividend Date. Commencing on the Ex-Dividend Date, units trade without entitlement to the recently declared cash distribution. Record Date is the date upon which an investor must be registered as a unitholder in order to receive a declared distribution. Declaration Date is the date upon which the Board of Directors declares a distribution

Cash Distributions by Date of Payment

  Q1 Q2 Q3 Q4 Total
2017 $0.3575      
2016 $0.3575 $0.3575 $0.3575 $0.3575 $1.43000
2015 $0.3425 $0.3475 $0.3525 $0.3575 $1.40000
2014 $0.16644 $0.3125 $0.3250 $0.3375 $1.14144

Amounts included in table based on Payment Date. Cash distributions are declared and paid in arrears. Cash distribution of $0.16644 per unit for the fourth quarter of 2013 represents the prorated amount of MEP's targeted minimum quarterly distribution of $0.3125 per unit, or $1.25 per unit on an annualized basis, based upon the number of days between the close of MEP's initial public offering on November 13, 2013 and the end of the fourth quarter.