Business Context and Reporting Period
Company: Suburban Propane Partners, L.P.
Filing Type: Form 8-K (Current Report)
Date: July 24, 2008
Event: Declaration of the Fiscal 2008 Third Quarter Distribution.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses solely on the declaration of a distribution and associated tax withholding requirements.
Material Changes
No material changes to financial performance or operations are detailed in this filing. The document serves as a regulatory notice regarding the distribution declaration and tax compliance.
Guidance, Outlook, and Risks
- Distribution Notice: The Partnership announced its Fiscal 2008 Third Quarter Distribution via a press release (Exhibit 99.1).
- Tax Withholding: In accordance with Treasury Regulation 1.1446-4(d), a qualified notice was issued to the New York Stock Exchange. The distribution is classified as income effectively connected with a U.S. business (ECI).
- Withholding Requirement: Nominees are required to withhold 35% of the distribution for foreign investors (nonresident aliens, foreign corporations, foreign trusts, and foreign estates) under Section 1446 of the Internal Revenue Code.
Investor Verification Checklist
- Verify the specific dollar amount per unit of the Fiscal 2008 Third Quarter Distribution in the attached Press Release (Exhibit 99.1).
- Confirm the record date and payment date for the distribution.
- Review the full text of the press release for any accompanying management commentary on operational performance.