Above board.

Governance

We are committed to good corporate governance in order to maintain the trust of our investors, and although Seapeak LLC is a foreign private issuer, the Company has voluntarily chosen to materially comply with the New York Stock Exchange (NYSE) domestic corporate governance listing standards.

Guidelines

Corporate Governance Guidelines Standards of Business Conduct Policy Whistleblowing Reporting Procedure

Charters

Charter of the Audit Committee Charter of the Conflicts Committee

Tax and Financial Information

Effective on February 25, 2022, Seapeak LLC converted from a limited partnership (the Partnership) into a limited liability company formed under the laws of the Republic of the Marshall Islands. Prior to this conversion with effect Jan 1, 2019, the Partnership had elected to be treated as a C-Corporation for tax purposes (investors receive the standard 1099 form and not a K-1 form) and subsequent to the conversion, the entity was treated as a C-Corporation for tax purposes. As a result, this conversion had no impact on the taxation of distributions to the Seapeak LLC unitholders.

Distributions we pay to U.S. unitholders will be treated as a dividend for U.S. federal income tax purposes to the extent the distributions come from earnings and profits (E&P) and as a non-dividend distribution or a return of capital (ROC) to the extent the distributions exceed E&P.

Distributions we pay to a non-U.S. unitholder will not be subject to U.S. federal income tax or withholding tax if the non-U.S. unitholder is not engaged in a U.S. trade or business.

For more detailed tax commentary, please refer to the most recent 20-F for Seapeak LLC.

The chart below describes the total distributions made by Seapeak LLC in 2023 and the reporting of such distributions on United States Internal Revenue Service (IRS) Form 1099.

Please note that the determination of whether these distributions constitute a dividend from E&P or a ROC is not made for U.S. federal income tax purposes until the end of the fiscal year. If you are a U.S. unitholder and you received an IRS Form 1099 that does not set forth such amounts, you should contact your broker or tax advisor.

Holders are directed to consult their own tax advisors to determine the appropriate tax treatment with respect to the distributions.

Series A Preferred Units

Record Date	Total Distribution	Amount Reported as a Qualified Dividend in Item 1 (b) of Form 1099	% Reported as a Qualified Dividend in Item 1 (b) of Form 1099	Amount Reported as a Nondividend distribution in Item 3 of Form 1099	% Reported as a Nondividend Distribution in Item 3 of Form 1099
12/31/2022	$2,799,723	$2,799,723	100.00%	$0	0.00%
03/31/2023	$2,789,225	$2,789,225	100.00%	$0	0.00%
06/30/2023	$2,778,464	$0	0.00%	$2,778,464	100.00%
09/29/2023	$2,778,464	$0	0.00%	$2,778,464	100.00%

Series B Preferred Units

Record Date	Total Distribution	Amount Reported as a Qualified Dividend in Item 1 (b) of Form 1099	% Reported as a Qualified Dividend in Item 1 (b) of Form 1099	Amount Reported as a Nondividend distribution in Item 3 of Form 1099	% Reported as a Nondividend Distribution in Item 3 of Form 1099
12/31/2022	$3,574,159	$3,574,159	100.00%	$0	0.00%
03/31/2023	$3,552,320	$3,552,320	100.00%	$0	0.00%
06/30/2023	$3,525,104	$0	0.00%	$3,525,104	100.00%
09/29/2023	$3,515,906	$0	0.00%	$3,515,906	100.00%

As all the distributions are classified as dividends, no Form 8927 is provided.

IRC §6045B Reporting

Attachment Form 8937 – 2021

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG) (NYSE: TGP), declared cash distributions to the common unitholders of record for the quarters ended December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021 as follows:

Date Declared:	Date of Record:	Amount per Unit:	Date Paid:
January 20, 2021	February 2, 2021	$0.2500	February 12, 2021
April 15, 2021	May 5, 2021	$0.2875	May 14, 2021
July 16, 2021	August 5, 2021	$0.2875	August 13, 2021
October 15, 2021	November 5, 2021	$0.2875	November 12, 2021

Teekay GP LLC, the general partner of Teekay LNG, declared cash distributions to the Series A preferred unitholders of record for the quarters ended December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021 as follows:

Date Declared:	Date of Record:	Amount per Unit:	Date Paid:
December 18, 2020	December 31, 2020	$0.5625	January 15, 2021
March 18, 2021	March 31, 2021	$0.5625	April 15, 2021
June 18, 2021	June 30, 2021	$0.5625	July 15, 2021
September 17, 2021	September 30, 2021	$0.5625	October 15, 2021

Teekay GP LLC, the general partner of Teekay LNG, declared cash distributions to the Series B preferred unitholders of record for the quarters ended December 31, 2020, March 31, 2021, June 30, 2021 and September 30, 2021 as follows:

Date Declared:	Date of Record:	Amount per Unit:	Date Paid:
December 18, 2020	December 31, 2020	$0.5313	January 15, 2021
March 18, 2021	March 31, 2021	$0.5313	April 15, 2021
June 18, 2021	June 30, 2021	$0.5313	July 15, 2021
September 17, 2021	September 30, 2021	$0.5313	October 15, 2021

Pursuant to Internal Revenue Code Section 6045B, the attached Form 8937 summarizes to all unitholders of record the character of these distributions based upon Teekay LNG'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 Teekay LNG distribution in their tax return.

IRC §6045B Reporting

Attachment: Form 8937 – 2020

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG) (NYSE: TGP), declared cash distributions to the common unitholders of record for the quarters ended December 31, 2019, March 31, 2020, June 30, 2020 and September 30, 2020 as follows:

Date Declared:	Date of Record:	Amount per Unit:	Date Paid:
January 20, 2020	January 31, 2020	$0.19	February 14, 2020
April 16, 2020	May 1, 2020	$0.25	May 15, 2020
July 17, 2020	July 31, 2020	$0.25	August 14, 2020
October 19, 2020	November 2, 2020	$0.25	November 13, 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 Teekay LNG’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 Teekay LNG distribution in their tax return.

IRC §6045B Reporting

Attachment: Form 8937 – 2019

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG) (NYSE: TGP), declared cash distributions to the common unitholders of record for the quarters ended December 31, 2018, March 31, 2019, June 30, 2019, and September 30, 2019 as follows:

Date Declared:	Date of Record:	Amount per Unit:	Date Paid:
January 8, 2019	February 1, 2019	$0.14	February 8, 2019
April 24, 2019	May 7, 2019	$0.19	May 15, 2019
July 19, 2019	August 6, 2019	$0.19	August 14, 2019
October 21, 2019	November 1, 2019	$0.19	November 14, 2019

Pursuant to Internal Revenue Code Section 6045B, the attached Form 8937 summarizes to all unitholders of record the character of these distributions based upon Teekay LNG’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 Teekay LNG distribution in their tax return.

None of the distributions by the Partnership in 2018 will include any “effectively connected income”. This statement constitutes a “qualified notice” as provided in the Internal Revenue Code and Regulations thereunder.

2018 K-1 Distribution

The 2018 tax package is now available online and was mailed out on March 23, 2019.

Tax information for 2018 is now available online.

Click here to access Teekay LNG Partners LP K-1s online.

None of the distributions by the Partnership in 2017 will include any “effectively connected income”. This statement constitutes a “qualified notice” as provided in the Internal Revenue Code and Regulations thereunder.

2017 K-1 Distribution

The 2017 tax package is now available online as at March 19, 2018 and has been mailed out.

Tax information for 2017 is now available online.

Click here to access Teekay LNG Partners LP K-1s online.

Teekay LNG Series A Preferred Units – tax treatment of distributions

For tax purposes only, Teekay LNG intends to treat distributions on the Series A Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series A Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated September 28, 2016 and filed with the US Securities and Exchange Commission on September 30, 2016, including limitations regarding the applicability of this information. This anticipated treatment may change for circumstances arising after the date of the prospectus supplement.

Teekay LNG Series B Preferred Units – tax treatment of distributions

For tax purposes only, Teekay LNG intends to treat distributions on the Series B Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series B Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated October 16, 2017 and filed with the US Securities and Exchange Commission on October 17, 2017, including limitations regarding the applicability of this information. This anticipated treatment may change for circumstances arising after the date of the prospectus supplement.

Access: K-1 tax information for 2016 is now available online.

Click here to access Teekay LNG Partners LP K-1s online.

2016 K-1 Distribution

The 2016 tax package is now available online as at March 16, 2017 and has been mailed out.

Teekay LNG Series A Preferred Units – tax treatment of distributions

For tax purposes only, Teekay LNG intends to treat distributions on the Series A Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series A Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated September 28, 2016 and filed with the US Securities and Exchange Commission on September 30, 2016, including limitations regarding the applicability of this information. This anticipated treatment may change for circumstances arising after the date of the prospectus supplement.