WALTHAM, Mass.--(BUSINESS WIRE)--Jul. 27, 2016--
Global
Partners LP (NYSE: GLP) announced today that the Board of Directors
of its general partner, Global GP LLC, has declared a quarterly cash
distribution of $0.4625 per unit ($1.85 per unit on an annualized basis)
on all of its outstanding common units for the period from April 1 to
June 30, 2016. The distribution will be paid August 12, 2016 to
unitholders of record as of the close of business on August 8, 2016.
About Global Partners LP
A publicly traded
master limited partnership, Global is a midstream logistics and
marketing company that owns, controls or has access to one of the
largest terminal networks of petroleum products and renewable fuels in
the Northeast. Global also is one of the largest distributors of
gasoline, distillates, residual oil and renewable fuels to wholesalers,
retailers and commercial customers in New England and New York. The
Partnership is engaged in the transportation of crude oil and other
products by rail from the mid-continental U.S. and Canada to the East
and West Coasts for distribution to refiners and others. With
approximately 1,500 locations, primarily in the Northeast, Global also
is one of the largest independent owners, suppliers and operators of
gasoline stations and convenience stores. Global is No. 276 in the
Fortune 500 list of America’s largest corporations. For additional
information, visit www.globalp.com.
Forward-looking Statements
Certain statements and
information in this press release may constitute “forward-looking
statements.” The words “believe,” “expect,” “anticipate,” “plan,”
“intend,” “foresee,” “should,” “would,” “could” or other similar
expressions are intended to identify forward-looking statements, which
are generally not historical in nature. These forward-looking statements
are based on our current expectations and beliefs concerning future
developments and their potential effect on us. While management believes
that these forward-looking statements are reasonable as and when made,
there can be no assurance that future developments affecting us will be
those that we anticipate. All comments concerning our expectations for
future revenues and operating results are based on our forecasts for our
existing operations and do not include the potential impact of any
future acquisitions. Our forward-looking statements involve significant
risks and uncertainties (some of which are beyond our control) and
assumptions that could cause actual results to differ materially from
our historical experience and our present expectations or projections.
For additional information regarding known material factors that could
cause our actual results to differ from our projected results, please
see our filings with the SEC, including our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date hereof. We undertake no
obligation to publicly update or revise any forward-looking statements
after the date they are made, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160727005230/en/
Source: Global Partners LP
Global Partners LP
Daphne H. Foster, 781-894-8800
Chief
Financial Officer
or
Edward J. Faneuil, 781-894-8800
Executive
Vice President, General Counsel and Secretary