WALTHAM, Mass., Apr 21, 2010 (BUSINESS WIRE) --Global Partners LP (NYSE: GLP) today announced that the Board of
Directors of its general partner, Global GP LLC, has declared a
quarterly cash distribution of $0.4875 per unit ($1.95 per unit on an
annualized basis) on all of its outstanding common and subordinated
units for the period from January 1 through March 31, 2010. The
distribution will be paid May 14, 2010 to unitholders of record as of
the close of business May 5, 2010.
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 New
England states and New York. Global Partners LP, a FORTUNE 500(R)
company, trades on the New York Stock Exchange under the ticker symbol
"GLP." For additional information, please visit www.globalp.com.
Forward-looking Statements
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, goals, 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, 2009 and subsequent filings the Partnership makes with the
Securities and Exchange Commission. 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
Global Partners LP
Thomas J. Hollister, 781-894-8800
Chief Operating Officer and
Chief Financial Officer
or
Edward Faneuil, 781-894-8800
Executive Vice President,
General Counsel and Secretary