Teekay Offshore Partners Series A Cumulative Redeemable Preferred Units Ex-Dividend Reminder

On 7/30/14, Teekay Offshore Partners L.P.'s 7.25% Series A Cumulative Redeemable Preferred Units (NYSE: TOO.PRA) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 8/15/14. As a percentage of TOO.PRA's recent share price of $26.27, this dividend works out to approximately 1.72%, so look for shares of TOO.PRA to trade 1.72% lower — all else being equal — when TOO.PRA shares open for trading on 7/30/14. On an annualized basis, the current yield is approximately 6.89%, wh...