Holly Energy Partners declares two-for-one split of its common units 

Holly Energy Partners declares two-for-one split of its common units

Nov 30, 2012 (Menafn - M2 EQUITYBITES via COMTEX) --Holly Energy Partners LP HEP, a provider of petroleum product and crude oil transportation, tankage and terminal services to the petroleum industry, reported on Thursday that its board of directors has approved a two-for-one split of the partnership's common units.

This split will be effective on 16 January 2013 with the distribution of one additional common unit for each common unit held by unitholders of record on 7 January 2013.

Chairman and CEO Matt Clifton said that the split reflects management's confidence in the growth of the partnership and will make its units more accessible to a wider spectrum of potential investors and provide enhanced trading liquidity on the New York Stock Exchange.

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