Global Partners Declares Increased Cash Distribution on Common Units for the First Quarter of 2019
April 29 2019 - 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 $0.51 per unit ($2.04 per unit on an
annualized basis) on all of its outstanding common units for the
period from January 1 to March 31, 2019. The distribution will be
paid on May 15, 2019 to unitholders of record as of the close of
business on May 10, 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.
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
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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version on businesswire.com: https://www.businesswire.com/news/home/20190429005378/en/
Daphne H. FosterChief Financial OfficerGlobal Partners LP(781)
894-8800Edward J. FaneuilExecutive Vice President,General Counsel
and SecretaryGlobal Partners LP(781) 894-8800
Global Partners (NYSE:GLP)
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