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8-K - GLOBAL PARTNERS LP 8-K - GLOBAL PARTNERS LP | a51549125.htm |
Exhibit 99.1
Global Partners Declares Quarterly Cash Distribution of $0.4625 for the First Quarter of 2017
WALTHAM, Mass.--(BUSINESS WIRE)--April 28, 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 January 1 to March 31, 2017. The distribution will be paid May 15, 2017 to unitholders of record as of the close of business on May 10, 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. With approximately 1,500
locations, primarily in the Northeast, Global is one of the largest
regional independent owners, suppliers and operators of gasoline
stations and convenience stores. Global is also 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 also engaged in the transportation of
petroleum products and renewable fuels by rail from the mid-continental
U.S. and Canada to the East and West Coasts. 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.
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