Global Partners Declares Third-Quarter 2018 Cash Distribution of $0.4750 on Common Units
October 26 2018 - 8:30AM
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 $0.4750 per unit ($1.90 per unit on
an annualized basis) on all of its outstanding common units for the
period from July 1 to September 30, 2018. The distribution will be
paid November 14, 2018 to unitholders of record as of the close of
business on November 9, 2018.
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
Global Partners is a midstream logistics and marketing master
limited partnership that owns, controls or has access to one of the
largest terminal networks of petroleum products and renewable fuels
in the Northeast. With approximately 1,600 locations, primarily in
the Northeast, Global is one of the largest regional independent
owners, suppliers and operators of gasoline stations and
convenience stores. Global is also one of the largest distributors
of gasoline, distillates, residual oil and renewable fuels to
wholesalers, retailers and commercial customers in New England and
New York. The Partnership is also engaged in the transportation of
petroleum products and renewable fuels by rail from the
mid-continental U.S. and Canada. For additional information, visit
www.globalp.com.
Forward-looking Statements
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 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/20181026005276/en/
Global Partners LPDaphne H. Foster, 781-894-8800Chief Financial
OfficerorEdward J. Faneuil, 781-894-8800Executive Vice President,
General Counsel and Secretary
Global Partners (NYSE:GLP)
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