Global Partners Declares Increased Cash Distribution on Common Units for the Fourth Quarter of 2018
29 January 2019 - 12:30AM
Business Wire
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 $0.50 per unit ($2.00 per unit on an
annualized basis) on all of its outstanding common units for the
period from October 1 to December 31, 2018. The distribution will
be paid February 14, 2019 to unitholders of record as of the close
of business on February 8, 2019.
The distribution to be paid in February 2019 represents an
increase of 5.26% over the quarterly distribution of $0.4750 per
unit paid in November 2018.
Non-U.S. Withholding InformationThis 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 LPWith 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.
Forward-looking StatementsCertain 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 hereof.
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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version on businesswire.com: https://www.businesswire.com/news/home/20190128005087/en/
Daphne H. FosterChief Financial OfficerGlobal Partners LP(781)
894-8800
Edward J. FaneuilExecutive Vice President,General Counsel and
SecretaryGlobal Partners LP(781) 894-8800
Global Partners (NYSE:GLP)
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