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Teekay Offshore Partners Declares Distributions on Series A, B, C-1 and D Preferred Units

/EINPresswire.com/ -- HAMILTON, BERMUDA -- (Marketwired) -- 10/03/16 -- Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE: TOO), has declared the following distributions for the period from August 15, 2016 to November 14, 2016:


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Units            Amount         Record Date    Payment Date   Payment Type
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Series A         $0.4531 per    November 8,    November 15,   Cash
 Preferred Units unit           2016           2016
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Series B         $0.5313 per    November 8,    November 15,   Cash
 Preferred Units unit           2016           2016
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Series C-1       $0.5149 per    November 8,    November 15,   New common
 Preferred Units unit           2016           2016           units
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Series D         $0.6563 per    November 8,    November 15,   New common
 Preferred Units unit           2016           2016           units
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About Teekay Offshore

Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $6 billion, comprised of 63 offshore assets, including shuttle tankers, floating production, storage and offloading (FPSO) units, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.

Teekay Offshore Partners' common units and Series A and B preferred units trade on the New York Stock Exchange under the symbol "TOO", "TOO PR A" and "TOO PR B", respectively.

Contacts:
Ryan Hamilton
Investor Relations Enquiries
+1 (604) 609-6442
www.teekay.com


Distribution channels: Energy, Shipping, Storage & Logistics