Global Partners Announces Cash Distribution on Series B Preferred Units
2024年7月15日 - 9:30PM
ビジネスワイヤ(英語)
Global Partners LP (NYSE: GLP) (the “Partnership”) today
announced that the Board of Directors (the “Board”) of its general
partner, Global GP LLC, has declared a quarterly cash distribution
of $0.59375 per unit ($2.375 per unit on an annualized basis) on
the Partnership’s 9.50% fixed-rate Series B preferred units for the
period from May 15, 2024 through August 14, 2024. The distribution
will be paid on August 15, 2024 to Series B preferred unitholders
of record as of the opening of business on August 1, 2024.
Non-U.S. Withholding Information
Concurrent with this announcement we are providing qualified
notice to brokers and nominees that hold Global Partners LP units
on behalf of non-U.S. investors under Treasury Regulation Section
1.1446-4(b) and (d) and Treasury Regulation Section
1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one
hundred percent (100%) of Global Partners LP’s distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business. In
addition, brokers and nominees should treat one hundred percent
(100%) of the distributions as being in excess of cumulative net
income for purposes of determining the amount to withhold.
Accordingly, Global Partners LP’s distributions to non-U.S.
investors are subject to federal income tax withholding at a rate
equal to the highest applicable effective tax rate plus ten percent
(10%). Nominees, and not Global Partners LP, are treated as the
withholding agents responsible for withholding on the distributions
received by them on behalf of non-U.S. investors.
About Global Partners LP
Building on a legacy that began more than 90 years ago, Global
Partners has evolved into a Fortune 500 company and
industry-leading integrated owner, supplier, and operator of liquid
energy terminals, fueling locations, and guest-focused retail
experiences. Global operates or maintains dedicated storage at 53
liquid energy terminals—with connectivity to strategic rail,
pipeline, and marine assets—spanning from Maine to Florida and into
the U.S. Gulf States. Through this extensive network, the company
distributes gasoline, distillates, residual oil, and renewable
fuels to wholesalers, retailers, and commercial customers. In
addition, Global owns, supplies, and operates more than 1,700
retail locations across 12 Northeast states, the Mid-Atlantic, and
Texas, providing the fuels people need to keep them on the go at
their unique guest-focused convenience destinations. Recognized as
one of Fortune’s Most Admired Companies, Global Partners is
embracing progress and diversifying to meet the needs of the energy
transition.
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, although not all forward-looking statements
contain such identifying words. These forward-looking statements
are based on Global’s 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. Forward-looking statements involve significant risks
and uncertainties (some of which are beyond the Partnership’s
control) including, without limitation, uncertainty around the
timing of an economic recovery in the United States which will
impact the demand for the products we sell and the services that we
provide, and assumptions that could cause actual results to differ
materially from the Partnership’s historical experience and present
expectations or projections. We believe these assumptions are
reasonable given currently available information. Our assumptions
and future performance are subject to a wide range of business
risks, uncertainties and factors, which are described in our
filings with the Securities and Exchange Commission (SEC).
For additional information regarding known material factors that
could cause actual results to differ from the Partnership’s
projected results, please see Global’s 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.
Global 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240712456563/en/
Gregory B. Hanson Chief Financial Officer Global Partners LP
(781) 894-8800
Sean T. Geary Chief Legal Officer and Secretary Global Partners
LP (781) 894-8800
Global Partners (NYSE:GLP)
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