BlueKnight Energy Partners (BKEP) Update - Oct 17

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Blueknight Energy Partners, L.P. (NASDAQ:BKEP - Common Units) (NASDAQ:BKEPP - Preferred Units) (“BKEP” or the “Partnership”), announced today that the board of directors of its general partner has declared a quarterly cash distribution on the Partnership’s common units of $0.04 per common unit, as well as a cash distribution of $0.17875 per unit on the Partnership’s preferred units. The third quarter distributions for both the preferred and common units remain unchanged from those paid for the second quarter of 2019. The distributions are payable on November 14, 2019, on all outstanding common and preferred units to unitholders of record as of the close of business on November 4, 2019.
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BlueKnight's preferred units (BKEPP) are in our High Yield Income Portfolio. Annual yield is 13.2%.

Distributions on the preferred units are fixed and they must be paid before any distributions can be made to common unit holders (BKEP).

You can find our recent profile on the company under the High Yield tab on our website.