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DCP Midstream Partners Announces Change in Record Date for Quarterly Distribution

DENVER, April 29, 2016 (GLOBE NEWSWIRE) -- DCP Midstream Partners, LP (NYSE:DPM) (the “Partnership”) announced today that it has changed the record date for the previously announced quarterly cash distribution to May 9, 2016.  The distribution of $0.78 per common unit for the quarter ended March 31, 2016 remains unchanged. This quarterly cash distribution will be paid May 13, 2016 to unitholders of record at the close of business on May 9, 2016.  The ex-dividend date is now May 5, 2016.

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This serves as qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b).  Please note that 100 percent of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business.  Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.  Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

DCP Midstream Partners, LP (NYSE:DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering and selling condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LP, which in turn is managed by its general partner, DCP Midstream GP, LLC, which is 100% owned by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy Corp. For more information, visit the DCP Midstream Partners, LP website at

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