Navios Maritime Midstream Partners L.P. Announces Cash Distribution of $0.4225 per Unit
July 20 2017 - 4:00PM
Navios Maritime Midstream Partners L.P. ("Navios Midstream")
(NYSE:NAP), announced today that its Board of Directors has
declared a cash distribution of $0.4225 per unit for the quarter
ended June 30, 2017. This distribution represents an annualized
distribution of $1.69 per unit.
The cash distribution will be payable on August 11, 2017 to unit
holders of record as of August 8, 2017.
About Navios Maritime Midstream Partners
L.P.Navios Maritime Midstream Partners L.P. is a publicly
traded master limited partnership which owns and operates crude oil
tankers under long-term employment contracts. For more information,
please visit our website at www.navios-midstream.com.
Forward-Looking StatementsThis press release
contains forward-looking statements (as defined in Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended) concerning future
events and expectations, including with respect to Navios
Midstream’s future dividends and Navios Midstream's growth strategy
and measures to implement such strategy; including expected vessel
acquisitions and entering into further time charters. Words such as
"may", "expects", "intends", "plans", "believes", "anticipates",
"hopes", "estimates", and variations of such words and similar
expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and
time charters. These forward-looking statements are based on the
information available to, and the expectations and assumptions
deemed reasonable by, Navios Midstream at the time these statements
were made. Although Navios Midstream believes that the expectations
reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of Navios Midstream. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual
results to differ materially include, but are not limited to, the
creditworthiness of our charterers and the ability of our contract
counterparties to fulfill their obligations to us, tanker industry
trends, including charter rates and vessel values and factors
affecting vessel supply and demand, the aging of our vessels and
resultant increases in operation and drydocking costs, the loss of
any customer or charter or vessel, our ability to repay outstanding
indebtedness, to obtain additional financing and to obtain
replacement charters for our vessels, in each case, at commercially
acceptable rates or at all, increases in costs and expenses,
including but not limited to: crew wages, insurance, provisions,
port expenses, lube oil, bunkers, repairs, maintenance and general
and administrative expenses, the expected cost of, and our ability
to comply with, governmental regulations and maritime
self-regulatory organization standards, as well as standard
regulations imposed by our charterers applicable to our business,
potential liability from litigation and our vessel operations,
including discharge of pollutants, general domestic and
international political conditions, competitive factors in the
market in which Navios Midstream operates; risks associated with
operations outside the United States; and other factors listed from
time to time in the Navios Midstream's filings with the Securities
and Exchange Commission including its Form 20-Fs and Form 6-Ks.
Navios Midstream expressly disclaims any obligations or undertaking
to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in Navios
Midstream's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based. Navios Midstream makes no prediction or statement about the
performance of its common units.
Investor Relations Contact
Navios Maritime Midstream Partners L.P.
+1.212.906.8647
Investors@navios-midstream.com
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