OREANDA-NEWS. Williams Partners L.P. (NYSE: WPZ) today announced that the regular quarterly cash distribution its unitholders receive has been increased to USD 0.8775 per unit.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Nov. 12, 2013, to unitholders of record at the close of business on Nov. 5.

The new per-unit amount is an 8.7-percent increase over the partnership's distribution of USD 0.8075 per unit that was paid in November 2012. It is also a 1.7-percent increase over the partnership's second-quarter 2013 distribution of USD 0.8625 per unit.

Third-Quarter Financial Results

Williams Partners plans to report its third-quarter 2013 financial results after the market closes on Wednesday, Oct. 30. The partnership will host a joint Q&A live webcast with Williams on Thursday, Oct. 31 at 9:30 a.m. EDT. A limited number of phone lines will be available at (888) 352-6798. International callers should dial (719) 325-2444. A link to the webcast, as well as replays of the webcast in both streaming and downloadable podcast formats, will be available for two weeks following the event at www.williams.com and www.williamslp.com.

This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d), with 100 percent of the partnership's distributions to foreign investors 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, and not Williams Partners L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.