WALTHAM, Mass., Apr 20, 2011 (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 $0.50 per unit ($2.00 per unit on an
annualized basis) on all of its outstanding common units for the period
from January 1 through March 31, 2011. The distribution will be paid May
13, 2011 to unitholders of record as of the close of business May 4,
2011.
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. In addition, the Partnership owns and
supplies fuel to 190 Mobil branded retail gas stations in New England,
and also supplies Mobil branded fuel to 31 independently-owned stations.
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
Some of the information contained in this news release may contain
forward-looking statements. Forward-looking statements do not relate
strictly to historical or current facts and include, without limitation,
any statement that may project, indicate or imply future results,
events, performance or achievements, and may contain the words "may,"
"believe," "should," "could," "expect," "anticipate," "plan," "intend,"
"estimate," "continue," "will likely result," or other similar
expressions. In addition, any statement made by Global Partners LP's
management concerning future financial performance (including future
revenues, earnings or growth rates), ongoing business strategies or
prospects and possible actions by Global Partners LP or its subsidiaries
are also forward-looking statements. Forward-looking 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 future results to be
materially different from the results stated or implied in this news
release. For additional information about 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, 2010 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 of this news
release, and Global Partners LP expressly disclaims any obligation or
undertaking to update these statements to reflect any change in its
expectations or beliefs or any change in events, conditions or
circumstances on which any forward-looking statement is based.
SOURCE: Global Partners LP
Global Partners LP
Thomas J. Hollister, 781-894-8800
Chief Operating Officer and
Chief Financial Officer
or
Global Partners LP
Edward Faneuil, 781-894-8800
Executive Vice President,
General Counsel and Secretary