WALTHAM, Mass., Oct. 24 /PRNewswire-FirstCall/ -- Global Partners LP
(NYSE: GLP) today announced that it has declared a quarterly cash distribution
of $0.4450 per unit for the period from July 1, 2006 through September 30,
2006 ($1.78 per unit on an annualized basis). The distribution will be paid
November 14, 2006 to unitholders of record as of the close of business
November 3, 2006.
The distribution to be paid in November 2006 represents an increase of
1.7% over the August 2006 distribution of $0.4375 per unit. The quarterly
distribution for the Partnership has increased by 7.9% since Global Partners
LP's initial public offering in September 2005.
About Global Partners LP
Global Partners LP, a master limited partnership based in Waltham,
Massachusetts, owns, controls or has access to one of the largest terminal
networks of refined petroleum products in the Northeast. It is one of the
region's largest wholesale distributors of distillates (such as home heating
oil, diesel and kerosene), gasoline and residual oil to wholesalers, retailers
and commercial customers. Global Partners LP trades on the New York Stock
Exchange under the ticker symbol "GLP." For additional information, please
visit http://www.globalp.com.
Safe Harbor Statement
This news release contains certain "forward-looking statements" within the
meaning of the federal securities laws. These forward-looking statements are
identified as any statements that do not relate strictly to historical or
current facts and can generally be identified by the use of forward-looking
terminology including "will," "may," "believe," "expect," "anticipate,"
"estimate," "continue" or other similar words. Such statements may discuss
business prospects, new developments and future expectations or contain
projections of results of operations, financial condition and Global Partners
LP's ability to make distributions to unitholders. These statements are not
guarantees of performance. Although Global Partners LP believes these
forward-looking statements are based on reasonable assumptions, statements
made regarding future results are subject to a number of assumptions,
uncertainties and risks, many of which are beyond the control of Global
Partners LP, which may cause actual results to be materially different from
the forward-looking statements contained in this news release. For specific
risks and uncertainties that could cause actual results to differ materially
from forward-looking statements, please refer to Global Partners LP's
Quarterly Report on Form 10-Q for the quarter ended June 30, 2006, and its
Annual Report on Form 10-K for the year ended December 31, 2005. All forward-
looking statements included in this news release and all subsequent written or
oral forward-looking statements attributable to Global Partners LP or persons
acting on its behalf are expressly qualified in their entirety by these
cautionary statements. The forward-looking statements speak only as of the
date made, and Global Partners LP undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
Contacts:
Thomas J. Hollister Edward J. Faneuil
Executive Vice President and Executive Vice President,
Chief Financial Officer General Counsel and Secretary
Global Partners LP Global Partners LP
(781) 894-8800 (781) 894-8800
SOURCE Global Partners LP
-0- 10/24/2006
/CONTACT: Thomas J. Hollister, Executive Vice President and Chief
Financial Officer, +1-781-894-8800, or Edward J. Faneuil, Executive Vice
President, General Counsel and Secretary, +1-781-894-8800, both of Global
Partners LP/
/Web site: http://www.globalp.com /
(GLP)
CO: Global Partners LP
ST: Massachusetts
IN: OIL
SU:
EZ-CP
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7808 10/24/2006 16:00 EDT http://www.prnewswire.com