14:30 | 19.04.2019
Global Partners Announces Series A Preferred Unit Distribution
Global Partners LP (NYSE: GLP) announced today that the Board of
Directors of its general partner, Global GP LLC, has declared a
quarterly cash distribution of $0.609375 per unit ($2.4375 per unit on
an annualized basis) on the Partnership’s Series A preferred units for
the period from February 15, 2019 through May 14, 2019. This
distribution will be payable on May 15, 2019 to holders of record as of
the opening of business on May 1, 2019.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent (100%) of GLP’s distributions to non-U.S. investors as
being attributable to income that is effectively connected with a United
States trade or business. Accordingly, GLP’s distributions to non-U.S.
investors are subject to federal income tax withholding at the highest
applicable effective tax rate.
About Global Partners LP
With approximately 1,600 locations primarily in the Northeast, Global
Partners is one of the region’s largest independent owners, suppliers
and operators of gasoline stations and convenience stores. Global also
owns, controls or has access to one of the largest terminal networks in
New England and New York, through which it distributes gasoline,
distillates, residual oil and renewable fuels to wholesalers, retailers
and commercial customers. In addition, Global engages in the
transportation of petroleum products and renewable fuels by rail from
the mid-continental U.S. and Canada. Global, a master limited
partnership, trades on the New York Stock Exchange under the ticker
symbol “GLP.” For additional information, visit www.globalp.com.
Certain statements and information in this press release may constitute
“forward-looking statements.” The words “believe,” “expect,”
“anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or
other similar expressions are intended to identify forward-looking
statements, which are generally not historical in nature. These
forward-looking statements are based on Global Partners’ current
expectations and beliefs concerning future developments and their
potential effect on the Partnership. While management believes that
these forward-looking statements are reasonable as and when made, there
can be no assurance that future developments affecting the Partnership
will be those that it anticipates. All comments concerning the
Partnership’s expectations for future revenues and operating results are
based on forecasts for its existing operations and do not include the
potential impact of any future acquisitions. Forward-looking statements
involve significant risks and uncertainties (some of which are beyond
the Partnership’s control) and assumptions that could cause actual
results to differ materially from the Partnership’s historical
experience and present expectations or projections.
For additional information regarding known material factors that could
cause actual results to differ from the Partnership’s projected results,
please see Global Partners’ filings with the SEC, including its Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. The Partnership
undertakes no obligation to publicly update or revise any
forward-looking statements after the date they are made, whether as a
result of new information, future events or otherwise.
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