Subsequent Events

3 Months Ended

Jun. 30, 2013

Subsequent Events

Subsequent Events

13. Subsequent Events

Distributions

On July 31, 2013, the Board of Directors of Niska Partners approved a distribution of $0.35 per common unit, payable on August 15, 2013 to unitholders of record on August 12, 2013. The total distribution is expected to be approximately $12.3 million.

Distribution Reinvestment Plan

Niska Partners filed a registration statement with the SEC to authorize the issuance of up to 7,500,000 common units in connection with a distribution reinvestment plan (“DRIP”).  The DRIP provides unitholders of record and beneficial owners of common units a voluntary means by which unitholders can increase the number of common units owned by reinvesting the quarterly cash distributions unitholders would otherwise receive in the purchase of additional common units.  This registration statement became effective on July 31, 2013. Common units purchased under the DRIP will come from the Company’s authorized but unissued common units or from common units purchased on the open market. As of August 1, 2013, the Company had not yet issued any units under this registration statement.