WALTHAM, Mass.--(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 $0.4625 per unit ($1.85 per unit on an annualized basis) on all of its outstanding common units for the period from January 1 to March 31, 2017. The distribution will be paid May 15, 2017 to unitholders of record as of the close of business on May 10, 2017.
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 1,500
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 to the East and West Coasts. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170428005389/en/
