OREANDA-NEWS. Williams Partners L.P. (NYSE: WPZ) announced that the regular quarterly cash distribution its common unitholders receive has been increased to USD 0.9285 per unit.

The board of directors of the partnership's general partner has approved the quarterly cash distribution, which is payable on Nov. 7, 2014, to common unitholders of record at the close of business on Oct. 31.

The new per-unit amount is a 5.8-percent increase over the partnership's distribution of USD 0.8775 per unit that was paid in November 2013. It is also a 1.3-percent increase over the partnership's previous quarterly distribution of USD 0.9165 per unit.

Third-Quarter Financial Results

Williams Partners plans to report its third-quarter 2014 financial results after the market closes on Wednesday, Oct. 29.

The partnership will host a joint Q&A live webcast with Williams and Access Midstream Partners on Thursday, October 30, at 9:30 a.m. EDT. A limited number of phone lines will be available at (888) 882-4672. International callers should dial (719) 325-4746. 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.accessmidstream.com.

This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d). The partnership's distributions to foreign investors, which are attributable to income that is effectively connected with a U.S. trade or business, are subject to withholding under U.S. law. In light of the uncertainty at the time of making distributions regarding the portion of any distribution that is attributable to income that is not effectively connected with a U.S. trade or business, we treat all of our distributions as attributable to U.S. operations. Accordingly, the entire amount of the partnership's distributions to foreign investors is 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.

Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 14 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains, both onshore and offshore along the Gulf of Mexico, and Canada. Williams (NYSE: WMB) owns approximately 66 percent of Williams Partners, including the general-partner interest.