Summit Midstream Partners (SMLP) Announces 1-for-15 Reverse Unit Split

Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that the Board of Directors of its general partner has approved a 1-for-15 reverse unit split on its common units representing limited partner interests in the Partnership (the "common units"), effective after the market closes on November 9, 2020. The common units will begin trading on a split-adjusted basis on November 10, 2020.

Pursuant to the reverse unit split, common unitholders will receive one common unit for every 15 common units owned at the close of business on November 9, 2020. All fractional units created by the reverse unit split will be rounded to the nearest whole unit, as provided by the Partnership's partnership agreement. The Partnership's common unit count will be reduced from approximately 56,624,887 outstanding common units to approximately 3,774,992 outstanding common units post-split. The Partnership's common units will continue to trade on the New York Stock Exchange (the "NYSE") under the symbol "SMLP" but will trade under a new CUSIP.

The Partnership's transfer agent, American Stock Transfer and Trust Company, will act as the exchange agent. Please contact American Stock Transfer and Trust Company for further information at (800) 937-5449.

You May Also Be Interested In