Chesapeake Midstream Partners, L.P. Increases Distribution to $0.39 Per Unit for the 2011 Fourth Quarter

Friday, Jan 27, 2012

Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced that the Board of Directors of its general partner declared a cash distribution of $0.39 per limited partner unit for the 2011 fourth quarter. The fourth quarter distribution represents an increase of $0.0525, or 15.6%, compared to the 2010 fourth quarter and represents an increase of $0.015, or 4.0%, compared to the 2011 third quarter.

The distribution will be payable on February 14, 2012 to all unitholders of record at the close of business on February 7, 2012, together with the distribution to the general partner.

J. Mike Stice, Chesapeake Midstream Partners Chief Executive Officer, commented, “I am very pleased to announce the largest distribution increase since the formation of the Partnership. Our contractual structure allows us to deliver this increase with confidence, even in a very difficult gas price environment. We are positioned to deliver steady, growing cash flows for investors, and we look forward to continuing to demonstrate this capability in 2012.”

This release is intended to be a qualified notice 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 applicable effective tax rate.

Source: Business Wire

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