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ETP removes purchase discount on distribution reinvestment plan

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ETP removes purchase discount on distribution reinvestment plan

Energy Transfer Partners LP on Dec. 15 removed the discounts on common unit purchases through its distribution reinvestment plan, effective for the payable distribution of the fourth quarter of 2017 and future quarters.

Under the plan, unit holders are able to purchase additional common units by reinvesting all or part of the cash distributions paid on their stock.

The participants of the plan may incur fees if any portion of the common units that are enrolled are sold, if the participation in terminated or if the common units are elected to be held by the American Stock Transfer for safekeeping, according to a Dec. 15 SEC filing.