WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 18, 2012--
Global Partners LP (NYSE: GLP), a leader in the storage, distribution
and marketing of gasoline, distillates and residual oil to wholesalers,
retailers and commercial customers throughout the Northeast, announced
today 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 October 1 through December 31, 2011. The distribution
will be paid February 14, 2012 to unitholders of record as of the close
of business February 3, 2012.
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 Mobil branded retail gas
stations in New England, and also supplies Mobil branded fuel to
independently-owned stations. Global Partners LP, a FORTUNE 500®
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, EBITDA 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