Tax Withholding Related to Merger Transaction
The receipt of shares of ONEOK, Inc. (“ONEOK”) common stock and cash in exchange for Magellan Midstream Partners, L.P. (“Magellan”) units pursuant to the merger will be treated as a taxable sale of Magellan units for U.S. federal income tax purposes. For a foreign unitholder of Magellan, the broker effecting the transfer on behalf of the foreign unitholder is responsible for withholding 10% of the amount realized on the sale under Treasury Regulation Section 1.1446-4(f). The amount realized on the sale includes the shares of ONEOK common stock (valued at the closing price of ONEOK on the closing date of the transaction, which was $66.54) and aggregate cash consideration received in the merger.
— Click on the appropriate year to expand for more details on Magellan's cash distribution and qualified notice history.
2023
MMP Distributions |
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
Qualified Notice |
Special |
09/21/23 |
09/25/23 |
$0.2474 |
|
pdf |
2Q23 |
08/07/23 |
08/14/23 |
$1.0475 |
$4.19 |
pdf |
1Q23 |
05/08/23 |
05/15/23 |
$1.0475 |
$4.19 |
pdf |
2022
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
Qualified Notice |
4Q22 |
02/07/23 |
02/14/23 |
$1.0475 |
$4.19 |
pdf |
3Q22 |
11/07/22 |
11/14/22 |
$1.0475 |
$4.19 |
|
2Q22 |
08/05/22 |
08/12/22 |
$1.0375 |
$4.15 |
|
1Q22 |
05/02/22 |
05/13/22 |
$1.0375 |
$4.15 |
|
2021
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q21 |
02/07/22 |
02/14/22 |
$1.0375 |
$4.15 |
3Q21 |
11/05/21 |
11/12/21 |
$1.0375 |
$4.15 |
2Q21 |
08/06/21 |
08/13/21 |
$1.0275 |
$4.11 |
1Q21 |
05/07/21 |
05/14/21 |
$1.0275 |
$4.11 |
2020
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q20 |
02/05/21 |
02/12/21 |
$1.0275 |
$4.11 |
3Q20 |
11/06/20 |
11/13/20 |
$1.0275 |
$4.11 |
2Q20 |
08/07/20 |
08/14/20 |
$1.0275 |
$4.11 |
1Q20 |
05/08/20 |
05/15/20 |
$1.0275 |
$4.11 |
2019
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q19 |
02/07/20 |
02/14/20 |
$1.0275 |
$4.11 |
3Q19 |
11/07/19 |
11/14/19 |
$1.02 |
$4.08 |
2Q19 |
08/07/19 |
08/14/19 |
$1.0125 |
$4.05 |
1Q19 |
05/08/19 |
05/15/19 |
$1.005 |
$4.02 |
2018
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q18 |
02/07/19 |
02/14/19 |
$.9975 |
$3.99 |
3Q18 |
11/07/18 |
11/14/18 |
$.9775 |
$3.91 |
2Q18 |
08/07/18 |
08/14/18 |
$.9575 |
$3.83 |
1Q18 |
05/08/18 |
05/15/18 |
$.9375 |
$3.75 |
2017
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q17 |
02/06/18 |
02/14/18 |
$.92 |
$3.68 |
3Q17 |
11/02/17 |
11/14/17 |
$.905 |
$3.62 |
2Q17 |
07/31/17 |
08/14/17 |
$.89 |
$3.56 |
1Q17 |
05/01/17 |
05/15/17 |
$.8725 |
$3.49 |
2016
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q16 |
02/03/17 |
02/14/17 |
$.855 |
$3.42 |
3Q16 |
10/31/16 |
11/14/16 |
$.8375 |
$3.35 |
2Q16 |
08/01/16 |
08/12/16 |
$.82 |
$3.28 |
1Q16 |
05/02/16 |
05/13/16 |
$.8025 |
$3.21 |
2015
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q15 |
02/05/16 |
02/12/16 |
$.785 |
$3.14 |
3Q15 |
11/02/15 |
11/13/15 |
$.7625 |
$3.05 |
2Q15 |
08/07/15 |
08/14/15 |
$.74 |
$2.96 |
1Q15 |
05/04/15 |
05/15/15 |
$.7175 |
$2.87 |
2014
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q14 |
02/06/15 |
02/13/15 |
$.695 |
$2.78 |
3Q14 |
11/07/14 |
11/14/14 |
$.6675 |
$2.67 |
2Q14 |
08/04/14 |
08/14/14 |
$.64 |
$2.56 |
1Q14 |
05/08/14 |
05/15/14 |
$.6125 |
$2.45 |
2013
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q13 |
02/07/14 |
02/14/14 |
$.585 |
$2.34 |
3Q13 |
11/07/13 |
11/14/13 |
$.5575 |
$2.23 |
2Q13 |
08/07/13 |
08/14/13 |
$.5325 |
$2.13 |
1Q13 |
05/08/13 |
05/15/13 |
$.5075 |
$2.03 |
2012
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q12 |
02/06/13 |
02/14/13 |
$.50 |
$2.00 |
3Q12 |
11/06/12 |
11/14/12 |
$.485 |
$1.94 |
2Q12 |
08/07/12 |
08/14/12 |
$.47125 |
$1.885 |
1Q12 |
05/08/12 |
05/15/12 |
$.42 |
$1.68 |
2011
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q11 |
02/07/12 |
02/14/12 |
$.4075 |
$1.63 |
3Q11 |
11/01/11 |
11/14/11 |
$.40 |
$1.60 |
2Q11 |
08/04/11 |
08/12/11 |
$.3925 |
$1.57 |
1Q11 |
05/09/11 |
05/13/11 |
$.385 |
$1.54 |
2010
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q10 |
02/07/11 |
02/14/11 |
$.37875 |
$1.515 |
3Q10 |
11/05/10 |
11/12/10 |
$.3725 |
$1.49 |
2Q10 |
08/06/10 |
08/13/10 |
$.36625 |
$1.465 |
1Q10 |
05/07/10 |
05/14/10 |
$.36 |
$1.44 |
2009
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q09 |
02/02/10 |
02/12/10 |
$.355 |
$1.42 |
3Q09 |
11/06/09 |
11/13/09 |
$.355 |
$1.42 |
2Q09 |
08/07/09 |
08/14/09 |
$.355 |
$1.42 |
1Q09 |
05/05/09 |
05/15/09 |
$.355 |
$1.42 |
2008
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q08 |
02/06/09 |
02/13/09 |
$.355 |
$1.42 |
3Q08 |
11/07/08 |
11/14/08 |
$.35125 |
$1.405 |
2Q08 |
08/06/08 |
08/14/08 |
$.34375 |
$1.375 |
1Q08 |
05/06/08 |
05/15/08 |
$.33625 |
$1.345 |
2007
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q07 |
02/06/08 |
02/14/08 |
$.32875 |
$1.315 |
3Q07 |
11/01/07 |
11/14/07 |
$.321875 |
$1.2875 |
2Q07 |
08/06/07 |
08/14/07 |
$.315 |
$1.26 |
1Q07 |
05/08/07 |
05/15/07 |
$.308125 |
$1.2325 |
2006
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q06 |
02/05/07 |
02/14/07 |
$.30125 |
$1.205 |
3Q06 |
11/07/06 |
11/14/06 |
$.295 |
$1.18 |
2Q06 |
08/04/06 |
08/14/06 |
$.28875 |
$1.155 |
1Q06 |
05/08/06 |
05/15/06 |
$.2825 |
$1.13 |
2005
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q05 |
01/30/06 |
02/14/06 |
$.27625 |
$1.105 |
3Q05 |
11/02/05 |
11/14/05 |
$.265625 |
$1.0625 |
2Q05 |
08/03/05 |
08/12/05 |
$.24875 |
$.995 |
1Q05 |
05/05/05 |
05/13/05 |
$.24 |
$.96 |
2004
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q04 |
02/08/05 |
02/14/05 |
$.228125 |
$.9125 |
3Q04 |
11/02/04 |
11/12/04 |
$.2225 |
$.89 |
2Q04 |
08/03/04 |
08/13/04 |
$.2175 |
$.87 |
1Q04 |
05/03/04 |
05/14/04 |
$.2125 |
$.85 |
2003
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q03 |
02/06/04 |
02/13/04 |
$.2075 |
$.83 |
3Q03 |
11/03/03 |
11/14/03 |
$.2025 |
$.81 |
2Q03 |
08/01/03 |
08/14/03 |
$.195 |
$.78 |
1Q03 |
05/05/03 |
05/15/03 |
$.1875 |
$.75 |
2002
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q02 |
01/31/03 |
02/14/03 |
$.18125 |
$.725 |
3Q02 |
11/04/02 |
11/14/02 |
$.175 |
$.70 |
2Q02 |
08/05/02 |
08/14/02 |
$.16875 |
$.675 |
1Q02 |
05/02/02 |
05/15/02 |
$.153125 |
$.6125 |
2001
Related Quarter
|
Record Date
|
Payment Date
|
Quarterly Payment
|
Annual Equivalent
|
4Q01 |
02/01/02 |
02/14/02 |
$.1475 |
$.59 |
3Q01 |
11/01/01 |
11/14/01 |
$.144375 |
$.5775 |
2Q01 |
08/02/01 |
08/14/01 |
$.140625 |
$.5625 |
1Q01* |
05/01/01 |
05/15/01 |
$.073 |
$.525 |
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Distributions declared associated with each respective quarter. Distributions declared and paid within 45 days following end of quarter.
*Partial payment due to IPO.
All distributions have been adjusted to account for the 2-for-1 unit split on October 12, 2012 and the 2-for-1 unit split on April 12, 2005, as applicable.