Energy Transfer LP will pay a quarterly cash distribution of $0.21 per Series I preferred unit, the company said on April 19.

The distribution will be payable May 15 to Series I unitholders of record by May 1.

Additionally, Energy Transfer issued  a March 20 notice to redeem all outstanding Series E preferred units on May 15 at a redemption price of $25 per unit.

Unitholders of record by May 1 will separately receive accrued distributions of $0.475 per unit until May 15, Energy Transfer said.


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