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8-K - GLOBAL PARTNERS LP 8-K - GLOBAL PARTNERS LP | a51500841.htm |
Exhibit 99.1
Global Partners Declares Quarterly Cash Distribution of $0.4625 for the Fourth Quarter of 2016
WALTHAM, Mass.--(BUSINESS WIRE)--January 30, 2017--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 October 1 to December 31, 2016. The distribution will be paid February 14, 2017 to unitholders of record as of the close of business on February 9, 2017.
About Global Partners LP
Global Partners is a
midstream logistics and marketing master limited partnership 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. With approximately 1,500 locations,
primarily in the Northeast, Global is one of the largest independent
owners, suppliers and operators of gasoline stations and convenience
stores. The Partnership is also 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. 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.
CONTACT:
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