WALTHAM, Mass., Jan. 24 /PRNewswire-FirstCall/ -- Global Partners LP
(NYSE: GLP) today announced that it has declared a quarterly cash distribution
of $0.4550 per unit for the period from October 1, 2006 through December 31,
2006 ($1.82 per unit on an annualized basis). The distribution will be paid
February 14, 2007 to unitholders of record as of the close of business
February 5, 2007.
The distribution to be paid in February 2007 represents an increase of
2.2% over the November 2006 distribution of $0.4450 per unit. The quarterly
distribution for the Partnership has increased by 10.3% since Global Partners
LP's initial public offering in September 2005.
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. 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 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 September 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
Executive Vice President and Chief Financial Officer
Global Partners LP
(781) 894-8800
Edward J. Faneuil
Executive Vice President, General Counsel and Secretary
Global Partners LP
(781) 894-8800
SOURCE Global Partners LP