Inactive Instrument

Teekay Offshore Partners L.P.

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TOO

Oil & Gas Transportation Services

Teekay Offshore Partners L P : July 25, 2019 Teekay Offshore Partners Declares Distributions on Series A, B and E Preferred Units

July 25, 2019 at 04:35 pm EDT

July 25, 2019

HAMILTON, Bermuda, July 25, 2019 (GLOBE NEWSWIRE) - 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:

Units	Distribution Period	Amount (Per Unit)	Record Date	Payment Date
Series A Preferred Units	May 15, 2019 to August 14, 2019	$0.4531	August 8, 2019	August 15, 2019
Series B Preferred Units	May 15, 2019 to August 14, 2019	$0.5313	August 8, 2019	August 15, 2019
Series E Preferred Units	May 15, 2019 to August 14, 2019	$0.5547	August 8, 2019	August 15, 2019

Teekay Offshore's cash distributions are reported on Form 1099 for United States tax purposes.

About Teekay Offshore

Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore has consolidated assets of approximately $5.2 billion, comprised of 57 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers (including six newbuildings), floating storage and offtake (FSO) units, long-distance towing and offshore installation vessels, and a unit for maintenance and safety (UMS). The majority of Teekay Offshore's fleet is employed on medium-term, stable contracts.

Teekay Offshore's common units and preferred units trade on the New York Stock Exchange under the symbols 'TOO', 'TOO PR A', 'TOO PR B' and 'TOO PR E', respectively.

For Investor Relations
enquiries contact:

Jan Rune Steinsland
Tel: +47 97052533
Website: www.teekayoffshore.com

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Teekay Offshore Partners LP published this content on 25 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2019 20:34:16 UTC

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Company Profile

Altera Infrastructure LP, formerly Teekay Offshore Partners L.P., is a energy infrastructure services provider primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Company operates shuttle tankers, floating production, storage and off-loading (or FPSO) units, floating storage and off-take (FSO) units, a unit for maintenance and safety (UMS) and long-distance towage and offshore installation vessels. The Company's segments include shuttle tanker segment, FPSO segment, FSO segment, Towage and UMS segment. The Company's fleet consists of approximately 32 shuttle tankers, including over two chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over seven FPSO units, approximately five FSO units, over 10 long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.

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Oil & Gas Transportation Services

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