WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 28, 2019--
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 $0.50 per unit ($2.00 per unit on an annualized basis)
on all of its outstanding common units for the period from October 1 to
December 31, 2018. The distribution will be paid February 14, 2019 to
unitholders of record as of the close of business on February 8, 2019.
The distribution to be paid in February 2019 represents an increase of
5.26% over the quarterly distribution of $0.4750 per unit paid in
November 2018.
Non-U.S. Withholding Information
This press release is
intended to be a qualified notice under Treasury Regulation Section
1.1446-4(b). Brokers and nominees should treat one hundred percent
(100%) of GLP’s distributions to non-U.S. investors as being
attributable to income that is effectively connected with a United
States trade or business. Accordingly, GLP’s distributions to non-U.S.
investors are subject to federal income tax withholding at the highest
applicable effective tax rate.
About Global Partners LP
With approximately 1,600
locations primarily in the Northeast, Global Partners is one of the
region’s largest independent owners, suppliers and operators of gasoline
stations and convenience stores. Global also owns, controls or has
access to one of the largest terminal networks in New England and New
York, through which it distributes gasoline, distillates, residual oil
and renewable fuels to wholesalers, retailers and commercial customers.
In addition, Global engages in the transportation of petroleum products
and renewable fuels by rail from the mid-continental U.S. and Canada.
Global, a master limited partnership, trades on the New York Stock
Exchange under the ticker symbol “GLP.” 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 Global Partners’ current expectations and beliefs
concerning future developments and their potential effect on the
Partnership. While management believes that these forward-looking
statements are reasonable as and when made, there can be no assurance
that future developments affecting the Partnership will be those that it
anticipates. All comments concerning the Partnership’s expectations for
future revenues and operating results are based on forecasts for its
existing operations and do not include the potential impact of any
future acquisitions. Forward-looking statements involve significant
risks and uncertainties (some of which are beyond the Partnership’s
control) and assumptions that could cause actual results to differ
materially from the Partnership’s historical experience and present
expectations or projections.
For additional information regarding known material factors that could
cause actual results to differ from the Partnership’s projected results,
please see Global Partners’ filings with the SEC, including its 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. The Partnership
undertakes 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: https://www.businesswire.com/news/home/20190128005087/en/
Source: Global Partners LP
Daphne H. Foster
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