Distribution Payments

Common Units

One of DCP Midstream Partners' primary goals is to provide stable and increasing distributable cash flow to our unitholders. One hundred percent of available cash, as determined by management, is distributed to unitholders of record and the general partner within 45 days following the end of each quarter.

Cash distributions are made to all registered unitholders as of the Record Date. Units must be purchased the business day prior to the Ex-Dividend Date to be entitled to the cash distribution for the previous quarter. The Declaration Date is the date the dividend is declared by DCP Midstream Partners' board of directors.

Series A Preferred Units

Distributions on Series A Preferred Units are paid semi-annually in arrears on the 15th day of each June and December through and including December 15, 2022, and, after December 15, 2022, quarterly in arrears on the 15th day of March, June, September and December of each year to all registered holders as of the Record Date as of the close of business on the first Business Day of the month of the applicable Distribution Payment Date.

The distribution rate for the Series A Preferred Units from and including the date of original issue to, but not including, December 15, 2022 will be 7.375% per annum of the $1,000.00 liquidation preference per unit.

(a) The initial quarterly Series A preferred unit distribution of $41.9965 per unit includes the distribution attributable to the partial-period from and including the original issue date of November 20, 2017.

Series B Preferred Units

Distributions on Series B Preferred Units are paid Quarterly in arrears on the 15th day of March, June, September and December of each year (each a “Distribution Payment Date”) to all registered holders as of the Record Date as of the close of business on the first Business Day of the month of the applicable Distribution Payment Date.

The distribution rate for the Series B Preferred Units from and including the date of original issue to, but not including, June 15, 2023 will be 7.875% per annum of the $25.00 liquidation preference per unit.

(a) The initial quarterly Series B preferred unit distribution of $0.6871 per unit includes the distribution attributable to the partial-period from and including the original issue date of May 11, 2018.

Series C Preferred Unit Distribution Information (NYSE: DCP-PC)

Distributions on Series C Preferred Units are paid Quarterly in arrears on the 15th day of January, April, July and October of each year (each a “Distribution Payment Date”) to all registered holders as of the Record Date as of the close of business on the first Business Day of the month of the applicable Distribution Payment Date.

The distribution rate for the Series C Preferred Units from and including the date of original issue to, but not including, October 15, 2023 will be 7.95% per annum of the $25.00 liquidation preference per unit.

(a) The initial quarterly Series C preferred unit distribution of $0.5576 per unit includes the distribution attributable to the partial-period from and including the original issue date of October 4, 2018.