IRC §6045B Reporting 2020

Altera Infrastructure GP LLC, the general partner of Altera Infrastructure L.P., (until March 23 2020 named Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P.), declared cash distributions to the Series A, B and E preferred unitholders of record for the periods from from November 15, 2019 to February 14, 2020, February 15, 2020 to May 14, 2020, May 15, 2020 to August 14, 2020, and August 15, 2020 to November 14, 2020 as follows:

Series A

Date Declared:
Date of Record:
Amount per Unit:
Date Paid:
January 21, 2020
February 10, 2020
$0.4531
February 18, 2020
April 22, 2020
May 8, 2020
$0.4531
May 15, 2020
July 30, 2020
August 10, 2020
$0.4531
August 17, 2020
October 23, 2020
November 6, 2020
$0.4531
November 16, 2020

Series B

Date Declared:
Date of Record:
Amount per Unit:
Date Paid:
January 21, 2020
February 10, 2020
$0.5313
February 18, 2020
April 22, 2020
May 8, 2020
$0.5313
May 15, 2020
July 30, 2020
August 10, 2020
$0.5313
August 17, 2020
October 23, 2020
November 6, 2020
$0.5313
November 16, 2020

Series E

Date Declared:
Date of Record:
Amount per Unit:
Date Paid:
January 21, 2020
February 10, 2020
$0.5547
February 18, 2020
April 22, 2020
May 8, 2020
$0.5547
May 15, 2020
July 30, 2020
August 10, 2020
$0.5547
August 17, 2020
October 23, 2020
November 6, 2020
$0.5547
November 16, 2020

Pursuant to Internal Revenue Code Section 6045B, the attached Form 8937 summarizes to all unitholders of record the character of these distributions based upon Altera Infrastructure L.P.’s estimated earnings and profits as of the date of distribution.

We encourage holders of record to consult their Tax Advisor for the proper treatment of any Altera Infrastructure L.P. distribution in their tax return.