WALTHAM, Mass., April 24 /PRNewswire-FirstCall/ -- Global Partners LP
(NYSE: GLP) today announced that it has declared a quarterly cash distribution
of $0.4650 per unit ($1.86 per unit on an annualized basis) on all of its
outstanding common and subordinated units for the period from January 1, 2007
through March 31, 2007. The distribution will be paid May 15, 2007 to
unitholders of record as of the close of business May 4, 2007.
The distribution to be paid in May 2007 represents increases of
approximately 9.4% over the quarterly distribution of $0.4250 paid in May 2006
and approximately 2.2% over the quarterly distribution of $0.4550 paid in
February 2007.
About Global Partners LP
Global Partners LP, a publicly traded 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. The
partnership is one of the largest wholesale distributors of gasoline,
distillates (such as home heating oil, diesel and kerosene) and residual oil
to wholesalers, retailers and commercial customers in the Northeast. Global
Partners LP trades on the New York Stock Exchange under the ticker symbol
"GLP." For additional information, please visit 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 Annual
Report on Form 10-K for the year ended December 31, 2006. 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.
SOURCE Global Partners LP
CONTACT:
Thomas J. Hollister
Chief Operating Officer and Chief Financial Officer
or
Edward J. Faneuil
Executive Vice President, General Counsel and Secretary
both of Global Partners LP
1-781-894-8800
Web site: http://www.globalp.com